Skip to main content

tv   Morning Joe  MSNBC  October 14, 2009 6:00am-9:00am EDT

6:00 am
6:01 am
so is this bill all that i would want? is it all that i can be? no. but when history calls, history calls. i happen to think the consequences of inaction dictate the urgency of congress to take every opportunity to demonstrate its capacity to solve the monumental issues of our time. >> well, all right. history calls. at least it did yesterday. healthy prognosis for that health care reform bill, which passed through the senate finance committee with the help of that one republican, olympia snowe of maine. we're going to be talking to olympia snowe of maine a little later this morning. >> really? that's great. it's a courageous vote, there's
6:02 am
no doubt. whether you support her or oppose her, in this era, when everybody joins one side or the other and screams ats the top of their lungs at the other, that's a courageous vote. whether i agree with her or not. >> exactly. lot to talk about today. the nfl response to rush limbaugh. we'll be talking about that. >> do you hear about rush is now saying he may sue some people in the media who are making up -- you know these long list of quotes we had when we had people on our radio show, these horrible quotes, like rush defending slavery. ends up -- >> came out of nowhere. >> came out of nowhere, and people get them out of wiki and wikipedia. >> that isn't always necessarily true. haven't we learned that? >> i know. >> we'll talk about that and charlie rangel speaking out. who do we have with us today? >> this is exciting. pat o'brien. >> not as excited as i am. >> bigger than ever.
6:03 am
>> i like that. >> pat o'brien going up to nantucket. going to bring a little sunshine to the locals. >> nantucket, sunshine for the locals who need it this time of year. the locals always need sunshine up there. >> they certainly do. of course, pat buchanan, who is the sunshine of all of our lives. pat, preliminary olympia snowe, huh? >> she's in the cat bird seat. got veto over health care. >> i'm going to take a look at news. >> you know, she doesn't even know you have your own tv show. you should watch it. >> someone told me that yesterday apparently. they were actually kidding. >> did you see the video of charlie rangel barking at our nbc producer? you need to see this. >> we'll get to that. >> how dare you ask me i should resign. >> he just doesn't get it. >> you'll have to define barking.
6:04 am
>> it is time now for a look at some of today's top stories. as we've been talking about ab bill to reform the nation's health care system is inching closer to a full senate vote after clearing a key hurdle on tuesday. the senate finance committee passed an $829 billion proposal with a single republican vote. but as nbc's kelly o'donnell reports, it is just one stop on the long road to reform. >> reporter: reluctant, she said, but willing to side with democrats. senator olympia snowe, a moderate republican, cautioned the public does not trust government to get health care right. >> people do have concerns about what we will do with reform, but at the same time, they want us to continue working. >> reporter: the only republican who's had the president's ear on health care and his thanks. >> in particular, senator snowe has been extraordinarily diligent. >> reporter: the price tag on this health care proposal, $829
6:05 am
billion over ten years. 23 million people would be able to buy their own health insurance from a new group of providers, and another 14 million would qualify for government coverage under medicaid. democrats say families would be better off. >> if you lose your job, you don't lose your health insurance. >> reporter: but what's not in this plan, a public option, where the government would sell insurance to compete with private health care plans. some democrats insist that's a big mistake. >> i believe the bill before us still falls short of what people need and what people expect from us. >> reporter: many americans without coverage now would be insured. an estimated 94%. republicans pointed out that's not everyone. >> under this bill, 25 million people will remain uninsured. that is hardly universal coverage. >> reporter: a big change, health insurance would be mandatory for all. many employers would be required to offer it. those who refuse would pay a
6:06 am
penalty, called an excise tax. >> there are seven brand new taxes in this bill. count them, seven. and let's face it, this is just the beginning. >> oh, boy, is it just the beginning? >> it is. pat buchanan, this is just the beginning, isn't it? >> i think so, joe. this is a very, very fragile coalition. olympia snowe, that baucus bill is the best deal republicans can get, but it's got to be married to the dodd bill, and then it's got to be married in conference to the house bills. they're going to pull it further and further to the left, and that's going to put pressure on olympia snowe, joe. at the same time, the insurance companies are coming down. gerald macatie of the republican employees union. they're going to come down on the tax bill for one full month. it's a fragile coalition. i would say it's still 50-50.
6:07 am
>> actually, yesterday's vote may be the easiest vote for olympia snowe. she talked about the unions coming down on it, the republicans coming down as a tax bill. in the end, the greatest pressure is going to come from seniors because, make no mistake about it, medicare advantage is a very popular program, and this bill goes after it, according to some of the seniors groups, and they're going to be running ads nonstop telling people that democrats and olympia snowe want to take their health care away. i agree with pat. it's still 50-50. there's so many political negatives to this that it's going to be very tough to get the 60 votes needed. >> meanwhile, members of the nobel prize committee are defending their surprise decision to award president obama are the peace prize. the chairman says "alagreed nobel wrote that the prize should go to the person who has contributed most to the
6:08 am
development of peace in the previous year. who has done more for that than barack obama? he got the prize for what he has done. all these things have contributed to, i wouldn't say a safer world, but a world with less tension." >> i think "the washington post" and other news agencies who have come out and suggested, pat o'brien, that the award go to protestors in the streets of iran -- in fact, this past weekend "the wall street journal" suggested that perhaps if those three protestors who had been given the dealt penalty had been named the nobel peace prize, at least the nobel peace prize could have gone a long way to saving three lives and continuing to shine the light on the situation in tehran. that's their take. >> and the other thing, alfred nobel said in his will, this should go to dreamers. certainly, those protestors were dreamers, and certainly barack obama is too. i don't recall this kind of discussion when the godfather of
6:09 am
terrorism, yasser arafat, got this in 1984. it was a different time. there wasn't twitter and "morning joe" and starbucks and that kind of stuff. i don't recall this kind of discussion. i'm glad he got it. i think he is a dreamer, and i think he is on the side of peace. >> that's what people say about me, mika. >> i was talking about willie geist. >> exactly. >> despite pressure from secretary of state hillary clinton, russian officials say threatening iran with new sanctions would be, quote, counterproductive. still the kremlin said it would consider sanctions if tehran fails to allow inspectors into its nuclear facility. secretary clinton is due back in the u.s. later tonight. and following the fiasco last spring, the obama administration is calling on aig to withhold some of the millions of dollars of bonuses promiseded to employees. today the white house will hear testimony from a federal watchdog who said the treasury department didn't understand the
6:10 am
insurer's pay structure when it gave it billions of dollars last year. the u.s. now owns an 80% stake in the company. and as if pressure from the house ethics committee wasn't enough, congressman charlie rangel is now facing a primary challenge by one of his former aides. >> ruh-roh. >> critics are calling for rangel to resign from his committee chairmanship after he failed to pay taxes. he was talked to by an nbc news producer. >> any decision about whether to accept down while the panel investigates you? >> i thought we were here to talk about health. we can deal with that at another time. >> did you receive an ethics panel investigation tendering your work as chairman of house ways and means? >> if i did, i would not continue to be the chair. >> how exactly did you forget to
6:11 am
file your taxes? >> you shouldn't be that way, you know that? i know it's your job, and i don't blame you. but it's really so rude. >> rude? it's rude? >> he thought they were just going to talk about health is the amazing part of that one. >> you know, pat buchanan, this is the same guy that, when asked questions before about not paying his taxes, he said you should mind your own gd business. charlie rangel seems to be a throwback to a different era, and you know them. an era of congressmen and chairman before cspan who believed they lived on a different planet and believed that nobody had the right to question them. charlie, seriously, this is wilbur mills material. >> upon what meat has our caesar fed? >> i think charlie has gotten up to where he's a great chairman, ways and means, but before that, he was given a bad time in harlem for taking on adam
6:12 am
clayton powell, who was a real lion of the house, who was in real trouble back in those days. but i think charlie has to realize in the modern day and age, all of these are straight, tough, legitimate questions, and he really has stepped in one cow pie after another. >> he has. >> he really has. i don't know that they have cow pies in harlem. i think that may have been better with wilbur mills. >> are you mixing metaphors or what? >> if that's trrude and he's fr new york, that producer was a sweet, nice, polite young lady asking important questions. >> she was doing her job. >> but not in an annoying way. >> the problem with charlie is he's got a guy who ran his campaign and is a big part of his office. the expression "knows where the bodies are buried" comes to mind. may get ugly in harlem in that re-election. >> is charlie rangel yours? >> right, willie.
6:13 am
>> do you get an exemption if you don't file your taxes properly? >> i got property in the caribbean. don't have to pay taxes. >> what about the financial disclosure forms? do you lie? >> i just say, i'm with rangel. >> that's awesome. >> in all due respect to mr. rangel, i don't think he's in the wilbur mills category just yet. >> i'd say own up to it. i'm just not sure -- >> does he drive? >> he doesn't pay his taxes, man. he's in charge of the ways and means committee writing the tax code. let me tell you something. seriously, i filled out eight of these financial disclosure forms before. for me, as a congressman, it's the easiest thing to do. i just put goose egg, zeros all the way down. it's easy to do and it's so clear-cut that, for you to screw that up, you have to purposely be trying to hide assets because the rules are so stringent and so black and white, there is no
6:14 am
way to cheat on it. charlie, though, didn't overlook $500 here or there, he overlooked $500,000. >> did you have legal help when you did that, or did you do it on your own? you just looked at it? >> i did it on my own. pat, these forms are so black and white. pat, you know this. they have fought about everything because every politician has figured out a way to cheat the system or at least fudge the lines. it was the easiest thing, seriously, i did all year. >> i had to fill out three of them, joe, when i ran for president basically three times, and you're right. it's long and elaborate. all your retirement funds. but all those questions in there, even if you've slightly forgotten something, those questions will draw it out of you because they ask very, very specifically, and then you give your range of how much it's worth. >> mika, this guy not only cheated the irs, but he lied to congress. i mean, he lied to his district.
6:15 am
there are reasons why there are financial disclosure forms, and trust me, you've got to work hard to cheat on those forms. >> we'll talk more about this because i'm concerned that we're waiting for an investigation -- if this is so clear-cut -- >> it's clear-cut. >> if it's so clear-cut, then somebody needs to act. somebody needs to choose to step down, or others need to stop defending someone who has done something wrong, or at the very least, been unbelievably sloppy in the area where he is supposed to be an expert. >> here is the problem with democrats that are defending charlie rangel right now, saying let's wait until they investigate. he under reported these forms by $500,000. if they're suggesting that's not a problem, then that's suggesting that they're lying on their forms as well. >> oh, that's terrific. >> seriously. anybody that's been through this understands just how clear-cut it is. >> all right. we'll talk about this more and also rush limbaugh straight ahead. >> did you hear limbaugh is suing the media? >> oh, good lord. the media? it's all of us? >> no, there's some real
6:16 am
specifics. people that are making up quotes. >> we'll talk about that coming up. we're watching some severe weather out west, and it's going to get nasty in the northeast as well. let's go straight to meteorologist bill karins, who has the latest on that. bill, good morning. >> good morning, mika. you can call me bad news bill. first off, let's wrap up the storm on the west coast. yesterday gusts 60 to 70 miles per hour in san francisco. we had thousands of people without power. it's still raining. the storm is weakening, and the winds are dying down. still have minor airport delays traveling through the west coast. in the east, a chilly rain in the ohio valley. in the southeast, we have strong storms down around pensacola, panama city, mobile bay we could see stormy weather. let's talk a little about what's going to happen. i mentioned yesterday a possible nor'easter. looks like it's going to be a nor'easter thursday into friday, and then we may have a second smaller nor'easter right behind it saturday and sunday. look at washington, d.c. those are the high temperatures through the next four days with rain thursday through sunday. new york city is even worse.
6:17 am
on friday, it will probably be the worst of it. only 42 for a predicted high. supposed to play a yankee baseball game that night in the stadium. that will be doubtful. to top it all off, it's now looking like central pennsylvania will see a snowstorm thursday night into friday morning. if this materializes, it will be one of the earliest snow storms ever in pennsylvania's history. we'll have significant power outages because of all the leaves on the trees and heavy wet know and leaves do not mix. >> is that where your home is? >> lancaster county. no, we're good. we have a big, big, big show this morning. >> monstrous. >> not as monstrous as that storm that bill was talking about, but we will have senator olympia snowe joining us. the republican from maine gave the president's push for health care a big boost yesterday. we'll also talk about the gubernatorial showdown in new jersey. it's a race that's getting nasty just weeks before the election. we'll talk to republican candidate chris christie will join us. plus he's the hero behind the
6:18 am
miracle on the hudson. captain chesley sullenberger will be here. even when he thought he might lose his job. he says he doesn't think about it much... but i don't believe him. i think he does it for us. sometimes doing the right thing is just making people happy.
6:19 am
6:20 am
6:21 am
the frase used most often by president obama is let me be clear. whereas the phrase used most often by joe biden is, hey, where are you all going? >> that's just mean. that's terrible. i will stand by. with us now, the chief political correspondent for politico, mike allen. he's got a look, as he always does, at the morning playbook. hey, mike. >> good morning, willie. >> let's talk about chuck schumer. i understand he's fighting back about this report from the insurance industry saying the health care proposed in its current form will sky rocket prices. what's he doing to fight back? >> it's breaking now. we're told in a senate judiciary committee hearing, senator schumer is going to go after the insurance companies on antitrust grounds. the report you mentioned said that under reform premium prices would go up. insurance companies, of course, making the argument that that's because of reform. senator schumer will make the
6:22 am
argument that it's greediness by the companies and that the government should intervene. >> so he wants to repeal their antitrust exemption, but isn't it true, in fact, that the prices will go up with the surcharge? >> don't say that. he's going to come after you for an antitrust violation, willie. >> i'm just looking at the time. >> the question is how fast. america's health insurance companies, which is their trade group, is the one that did this report. the head of it was just on gq's list of 50 most powerful people. they're also going on the air, televisions in key markets, to fight reforms. this is the clearest engagement, clearest fight we're going to have in the weeks ahead. >> pat buchanan, i like chuck schumer, and the democrats that come on, but they -- i don't
6:23 am
really know what to say. i think the insurance industry knows more about whether a piece of legislation is going to cost their companies more or not. if youed add a 40% surcharge tax on these businesses, does washington really think they're going to absorb that by themselves? do they not get free enterprise? are they really that shocked at a program that has 40% surcharge taxes and all of these onerous requirements is not going to cause our health care to go up? everybody knows that. there's no such thing as a free lunch. this is why i think you're right about schumer. i don't know why he's doing this. first, all those folks who hate the insurance companies and think they're villains and evil, they're already there with the democratic coalition. what you're going to do here is people are going to say that's not credible, and they're going to look more closely at what the insurance companies are saying. joe, as you said, look at this coalition that's forming up
6:24 am
against this bill. you're going to have the insurance company and all their ads. you're going to have all the seniors, and the folks who are going to lose medicare advantage. you've got the government employees union of macatee and those folks. you've got the republicans who are going to hammer this as a tax fees cost bill, and you've got the conservative democrats and preliminary ya snoolympia s there while they're trying to pull it to the left. this is not a mortal lock by any means. >> let's talk about the previous presidential administration. a lot of books coming out, i've noticed. who all is writing them? >> flashback. five bush books just next year starting off with the former treasury secretary hank paulson has "on the brink" coming out in january. we're going to have the first lady laura bush in the spring. then the president with his book decision points titled this autumn. rumsfeld in the autumn talking about how he got into two wars.
6:25 am
karl rove is out next year. karl told me that he's already submitted his book 36 chapters. and those five don't even count the piece deresistance. next year, dick cheney. of course, the democrats love having the bush administration out there replaying those years as the face of the republican party. as a dnc spokesman said, if it's sunday, it's dick cheney. >> you've got the president, the vice president, the first lady, hank paulson, karl rove, and donald rumsfeld all in the next year putting out books. amazing. mike, thanks so much. i know you've got a lot on this charlie rangel situation on politico. we'll check it out on the websi website. >> we'll be talking about charlie rangel coming up. i don't know if you guys heard this story. a case in texas involving a little girl left for dead in a brutal attack nearly two decades ago. because of that little girl now all grown up, a suspect is under arrest. our justice correspondent pete williams explained how police cracked this cold case.
6:26 am
>> reporter: jennifer was 8 years old, living with her mother in dickinson, texas, outside houston. one summer night in 1990 which man crawled through the bedroom window in her first floor apartment and kidnapped her. he drove to this nearby field, raped her, slashed her throat, and left her for dead. she lay there 14 hours unable to cry out, her voice box damaged. remarkably, she survived. in the hospital she wrote the police notes. her attacker called himself dennis. baseded on her description, the police artist made this sketch. that was 19 years old. to the surprise of her doctors, she recovered her voice, to tell her story she would often say. on a website, justice for jennifer, she kept the case alive with the goal of helping police find her attacker. >> i just want to be able to look him in the face. i don't really want to ask him why because i just don't think there's any valid answer for that. >> police arrested an arkansas welder, 40-year-old dennis earl
6:27 am
bradford, charging him with attempted murder. the fbi's crime lab developed a dna profile of her attacker from the clothes she wore that day. it matched one of more than the 7 million records in the fbi's database. >> with advances in technology, minor amounts too small to be seen by the naked eye can be used to get a dna profile. >> bradford was convicted of a similar crime in 1996, according to court documents, and he grew up in dickinson, texas. police say the sketch, based on jennifer's description bears a striking resemblance to how bradford looked at that time. >> 19 years later, i stand here and want you all to know that i'm okay. i'm not a victim but instead victorious. >> once silenced and now speaking out for crime victims to say never give up. pete williams, nbc news, washington. >> wow, that is something. >> incredible story. >> it really is. coming up, we're going to talk to congressman barney frank about his plan to overhaul
6:28 am
financial regulation. why some say his bill is too lax. >> barney coming on our show and not cnbc? >> he must think it's cnbc. he would not come on this show. also "mad money's" jim cramer will be here. you like your health coverage, but worry what happens...
6:29 am
if you get sick, or change jobs. 8 ways reform matters to you. a cap on deductibles and out-of-pocket costs. no annual or lifetime limits on coverage.
6:30 am
preventive care. covered. pre-existing conditions. covered. no higher rates due to gender. extended coverage for young adults. no more coverage denied if you get sick. and guaranteed renewal, even if you do. call your senators today.
6:31 am
[bell ringing] the way the stock market's been acting lately you may wonder if you've been doing the right thing. is the advice you've been getting helping or hurting? are the fees you're paying really worth it? td ameritrade's fees are fair and straight-forward. their research is independent and unbiased. their investment consultants are knowledgeable and there when you need them. so why not talk to one? announcer: call today to schedule a free investment check-up,
6:32 am
or visit a td ameritrade branch. welcome back to "morning joe." it is just after 6:30 on the east coast. pretty morning. not for long, apparently. time now for a look at today's top stories. following a key panel vote on tuesday, the full senate is expected to take up health care legislation later this month. the senate financial committee passed its version of a bill yesterday with a single republican backing the plan. that bill will now be merged with a more liberal proposal passed by the health committee in july. according to a new analysis, wall street is set to reward a record amount of executive bonuses this year despite increases -- >> how could they do that? seriously, how can they do that? >> i don't know. >> it's unbelievable. >> because they can. >> it seems like a moral issue there. i guess i'm not allowed to talk
6:33 am
about morality or joe gets all mad. >> not on this show, for god's sakes. >> scrutiny, of course, in the wake of the financial crisis. according to "the wall street journal," the top banks and investment firms will reward employees about $140 billion this year. that is more than workers earned during the last peak year of 2007. congratulations. and california governor arnold schwarzenegger is promising swift action against a law breaker. in this case, it's his wife. >> ruh-roh. >> maria. it comes after posted photos and videos of his wife maria shriver holding her cell phone while driving. a 2008 law signed by schwarzenegger bans the use of handheld phones while behind the wheel. >> all right. >> shocked she didn't have a blackberry, though. she had kind of a sad looking cell phone. >> old school. >> busted. let's take a look at the morning papers. this morning there's one central
6:34 am
theme. "the new york times," the senate health bill gains one republican vote. obama calls it a critical milestone. >> "washington post," finance committee passes bill with one gop vote. democrats will blend measures into final product. >> and "usa today," when history calls, history calls. that's how senator snowe summed up her decision yesterday. of course, on the upper right hand corner of "usa today," advice for you mika. cox shares her nine rules for cougars. >> oh, what are you even talking about? "senate committee passes health overhaul. snowe was the lone republican to vote in favor of the bill." >> and health care bill in for a bruising. if buchanan's right, it is. >> "the wall street journal," as we mentioned, u.s. banks and major securities firms on pace to award their employees $140 billion this year. >> coming up, we've got the must
6:35 am
read op-ed pages. we've got senator evan bayh and ask him if he's going to be supporting the bill. ♪ when it comes to protecting the things you care about... ...leave nothing to chance. travelers. insurance for auto, home, and business.
6:36 am
(announcer) thanks to our everyday low prices, halloween costs less at walmart. save money. live better. walmart.
6:37 am
6:38 am
what race has brought into it, that you can't let stand. if people are trying to destroy your reputation and your credibility, your life and your career by tagging you as a racist, then you have to stand up and fight that. we are in the process behind the scenes working to get apologies and retractions with the force of legal action against every journalist who has published these entirely fabricated quotes about me, slavery, and james earl ray. i never said them. we have tracked them. we know where they came from. we don't know the identity, but we know where they came from. >> and, mika, we've had the experience of people on our shows quoting some of these things. we're going to play -- we're
6:39 am
going to actually show the false quotes because i think you need to repeat them because these quotes have been out there so much these past two weeks that this is the sort of thing that, if you don't disabuse people of the notion that rush limbaugh actually said this thing, i will be hearing about it five years from now, and you will be hearing about it. well, you know what he said about slavery. we're going to show everybody what rush limbaugh's lawyers are talking about. >> and i also think this is the really key question in the big picture of new media and how we throw around information and it gets thrown around on the internet. i do think there should be repercussions. >> pat o'brien, didn't you say somebody sued google for allowing -- we've all had hateful things put up that are just absolutely false. >> and hang out there on the internet. >> and not you at all. that's why i asked you.
6:40 am
>> there was a model in new york who sued google and won on this. somebody was printing these horrible things about her, and she finally said enough's enough. the problem with social media is these people are sitting in their basements in the middle of the night writing things about you, me, willie -- not so much willie anymore. >> this is going to raise a lot of questions that we talk about later. actually, does every nfl owner want all their past quotes in public? at parties and on cell phones. >> look, quotes are quotes. but when they're not true and they're flying around the internet and they're repeated on television or on the radio, i think you do end up there should be ramifications. there should be. >> we'll talk about that in a minute. first, let's look at your must read op-eds. this plays right into what pat says. op-ed in "the wall street journal," the right attacking this bill, and then from the
6:41 am
left in the boston globe editorial. first, "the wall street journal," the baucus bill is a tax bill. the bill would impose nearly $400 billion in new taxes and fees. nearly 90% of that burden will be shouldered by those making $200,000 or less. it might not appear that way at first because the dollars are collected by a 40% tax on sales by insurers of cadillac policies, fees on health insurers, drug companies, and device manufacturers and an assortment of odds and ends. but the economics are clear. these costs will be passed on to consumers by either directly raising insurance premiums or by fueling health care costs that inevitably lead to higher premiums. consumers will pay the excise tax on high cost plans. >> that's the attack on the right. let's go to "the boston globe" and hear why the left thinks the baucus bill is terrible. >> baucus bill skims health care
6:42 am
reforms. as a low cost option for consumers, the bill does not provide adequate subsidies for low and middle income workers who could not get coverage at the workplace but who will, under the legislation, be obliged to buy insurance on their own. recognizing that the subsidies are insufficient, the bill's authors decided they could not in good conscience levy severe penalties on those who fail to get coverage. >> pat buchanan, you were exactly right. we see it in today's opinion pages. this health care reform bill is going to get it from all sides. >> it really is, joe. look at the progressives in the democratic party. as they try to move the bill more in line with what "the boston globe" wrote, olympia snowe says, don't you care. you'll lose my vote. the bill won't pass the senate unless they do reconciliation. on the other hand, it's now a fixed target. we all know what's in it.
6:43 am
you've got these taxes and fees and costs. so the conservatives and the conservative publications and the republicans will pound and pound this as not a health care bill, but a tax bill. so it's going to get it from both sides for a month before this thing goes through. >> i think it's going to be very tough. yesterday we had jim clyburn, who is one of the top democrats in the house, and we said, could you ever vote for the baucus bill? remember what his response was? it was no, no, no, no, no. and he said they were going to pull it pretty far left. he said wait and see. he said the house bill is going to be the final bill. if that's the case, not only will they lose olympia snowe's vote, they're going to lose other moderate democrats. >> she made it clear her vote was only yesterday's vote. it could change. >> you never know about these committee votes. she voted for it there, but for all the conservatives that are
6:44 am
bashing the hell out of olympia snowe for doing this, actually what she did was she prevented the health care bill from going far, far left because, if no republicans voted for it, the left would have said, see, we can't have any bipartisan consens consensus, we're going to do this as far left as we can. the hell with everybody else. let's have reconciliation. we'll see what happens. i suspect, though, if i had to bet, i would bet she can't vote for the final product. >> it seems to me that she will change her mind, according to what she said. >> let's talk about rush. >> let's do it. we have the quotes here, which i'm not sure how you want to frame this because we want to be careful. >> i'll do this. by the way, you know, yesterday some people on the far left speaking on the internet said, you're only doing this because you attacked rush last week. i want to stand by what i said about rush last week. i won't repeat it again. but i stand by it. i don't think some of the things he said over the past nine months have been good for the
6:45 am
republican party or the conservative movement. >> that's a part of the actual conversation which we can have without turning into animals. >> but as i said, just as i defend keith olbermann's right to say whatever he wants to say on his tv show -- and as shocking as this may be for progressiv progressives, conservatives find what he says on his tv show as offensive as what liberals find about what rush limbaugh says on his radio show. i know that nobody can believe that, but i defend keith olbermann's right to be associated with the nfl. and i believe keith olbermann last week defended rush's right to be associated with the nfl as well. this is about free speech. it's not about rush limbaugh or anybody else. i would just warn the far left to beware about trying to chill political speech because everybody gets caught in that cross fire. i want to read you this quote, these lies that are going around about rush limbaugh.
6:46 am
this is lie number one. "let's face it, we didn't have slavery in this country for over 100 years because it was a bad thing. quite the opposite, slavery built the south. i'm not saying we should bring it back. i'm just saying it had its merits. for one thing, the streets were safer after dark." anybody that's been following this nfl story has read that quote repeatedly, has heard people use that quote repeatedly. and, pat o'brien, it's a lie. >> it's a lie, and i believe you it's a lie. this is what the social media is about. this is the danger of having this out there on the internet so anybody could comment on it. once it's on the internet, you can say somebody said yesterday, and it just mushrooms and mush many ro mushrooms, and it's a horrible thing. the good thing is mika pointed out maybe we'll have a national conversation about this.
6:47 am
>> by the way, the nfl has power. you worked for cbs for so long, extraordinary work at cbs. i loved you. but cbs has the power -- or the nfl has the power over announcers and over owners and everything else. they've got the -- that's why my warning to everybody on the right and the left, you know, be careful. >> they set the tone for announcers. they set the tone for the league, and they do a great job at it. the owners decide who get to come in. i don't know if we want a national conversation about all these -- i don't know if the owners want a national conversation about their thoughts and their private feelings. they're football owners. no one is going to turn down a paycheck from anybody. >> you have known and dealt with nfl owners in the past. >> yes, i have. >> not the most progressive people in the world. i would guess some of them behind closed doors have actually said what people lied about rush limbaugh saying. >> i don't think people want this conversation to go public.
6:48 am
>> pat buchanan, though, rush limbaugh, he's going after the media now. he may have a lawsuit against these people if they don't retract the lies. >> i think what rush ought to do -- and my guess is he's doing it, joe -- is go back and get the original lie who fabricated and faked and made up that quote and go after him for libel and then ask the people that simply reprinted it who could probably defend themselves saying, we thought it was true. to say, look, to prove you don't have any malice, you should write a retraction of this. i think that's the way to do it. frankly, i think from every responsible news organization, if rush shows this is a complete lie, i mean, every responsible news organization will write a retraction, say we're sorry. it wasn't sourced. we shouldn't have reprinted it. >> they sourced it from wikipedia. and the retractions go on page 70. >> first of all, should you triple source something, but i wouldn't include wikipedia in
6:49 am
your sources out there, little internet junkies who want to be journalists. >> you've got a guy who wrote a book with all of these quotes, no sources. >> jim cramer, beer pong, and swine flu. the connection straight ahead. ♪ yeah! announcer: there's having it done. then there's doing it yourself and saving. it's about sawdust in your boots, paint in your hair and no holes in your wallet.
6:50 am
- man: whew! - we've lowered prices throughout the store, giving you all the tools you need and the bragging rights you deserve. more saving. more doing. that's the power of the home depot. save 20 bucks with a new lower price on the kohler forte kitchen faucet. because we believe that ideas are limitless. that's why, everyday at ge, thousands of scientists and researchers at our global research centers and throughout the company are redefining what's possible by creating the advanced technologies that create jobs. the american renewal is happening right now.
6:51 am
it can go from a scratchy throat in the morning. to a cough. to a full body ache... at night. new tylenol cold rapid release gels day and night work fast too. they release medicine fast to relieve painful coughs, congestion and sore throats. so you can rest, day and night. feel better, tylenol cold.
6:52 am
go! i need a rush order of orchids. thanks excuse me. i'm looking for a dog bed. what kind of dog? oh... this kind. nice job. oh... (tucci) stay a step ahead on the nation's fastest 3g network. dude, just made out with mariah carey! (tucci) at&t. now get 50% off these samsung touchscreen phones after mail-in rebate. only from at&t. welcome back to "morning
6:53 am
joe." look at that beautiful picture of new york city looking across the harbor at jersey city. enjoy that while you can because, as bill karins told us, there's a nor'easter whipping in to new york city. it's going to be 42 on friday night. that's when the yankees are supposed to start their series against the angels. fred's got a preview. >> thank you and good morning. we are three days away from the first pitch of the american league championship series, and the yankees are leaning towards using a three-man rotation against the angels. cc sabathia will start game one in the alcs. he struck out eight in a winning game against the twins. andy pettitte will likely be the other two starters. it gives the yankees more leverage with their bullpen, specifically joba chamberlain used as a setup man against minnesota. a football note, 12-time pro bowl linebacker junior seau, a real tough guy, has come out of retirement for the third time to sign with the patriots. expected to play sunday against
6:54 am
the titans. you would think it was the playoffs the way elton brand was swinging his elbow against the knicks. while pulling down a rebound, brand clipped jared jeffries in the eyebrow. jefferies didn't like that and got up in brand's face. no punches were thrown. andre iguodala in midseason form. got the circus shot to fall in the third and broke up the sixers. preseason, but 4-0 after beating the knicks. hard hitting affair between the sabers and red wings. thomas vanek had a goal for buffalo. sabers beat the red wings 6-2. a quick lesson in football. this is critical. the game is not over until officials blow the whistle. canton plymouth high learned that lesson the hard way. they thought they beat john glen high when they blocked a field goal. when they ran off the field in celebration, nobody realized they hadn't blow the play dead. tony picked up the ball and ran
6:55 am
it 30 yards for a touchdown. a truly spectacular finish. john glenn won a game they should have lost. finally, the notre dame fighting irish play this saturday in south bend, a game on nbc. it's been raining in los angeles, which is a perfect chance for the trojans to cut loose with a little slip and slide. that's the coaches joining the fun, sliding between rows of players. glad to see they're taking the irish seriously. 'sc is a ten-point favorite. >> those wacky trojans. coming up next, a little "news you can't use." why beer pongs just might kill you and why jim cramer could just save your financial life. we'll be right back.
6:56 am
i don't think you can live the american lifestyle without energy. we have all this energy here in the u.s. we have wind. we have solar, obviously. we have lots of oil. i think natural gas is part of the energy mix of the future. i think we have the can-do. we have the capability. we have the technology. the solutions are here. we just need to find them here.
6:57 am
all over the country, discover card customers are getting 5% cashback bonus at grocery stores. now, more than ever it pays to discover.
6:58 am
6:59 am
time for "news you can't use" with my co-anchor pat o'brien. >> good morning, everybody. welcome back to "morning joe." >> pat o'brien along with willie geist. go ahead. >> this is great. this is important news, especially for you, jim cramer. i know you have that tuesday night beer pong league that you're in. >> stopping beer pong at the age of 16 is the hardest thing. if you can get your kids to stop beer ponging, you can solve any world situation. >> they're now drawing a link between beer pong and swine flu, h1n1. >> what? >> up in troy, new york, they found 21 cases of h1n1, and they're tracing it back to one game of beer pong. >> oh, my god. >> that's what you get.
7:00 am
>> officials at the school say our current cases -- >> maybe they did other things too. >> our current cases were apparently contracted during a weekend drinking game. do not share drinks. alcohol does not kill the virus or stop its spread. >> remember i used to be afraid of mono. now it's taken to another level. >> so beer pong, just play with caution, i guess is what we're saying. or wipe the rim of the cup. >> we're saying it's not a good game to play, and it's not good. binge drinking is not good. >> that's not true. binge drinking, it's kids blowing off steam before midterms. >> idiots, don't say that. it's not good. thank you, pat. >> do you have any evidence that it's not good to binge drink? you have no evidence. >> it's not funny either. >> no, it's not. >> beer pong is not funny. >> anybody who has a teenage kid know this is the enemy. buy route is the enemy, which is a game, not a city, and this,
7:01 am
the enemy. >> what's beirut? >> another opportunity. >> it's beer pong, just by a different name. >> i prefer the bob newhart game. >> what's the bob newhart game? >> some game that every time you said something that you had a shot. >> you had to drink. >> it was a big drinking game. >> we need to have kathleen sebelius on to address this beer pong situation, health and human services secretary. don't look at me that way. >> just a bunch of idiots. seriously, i've got one, two, three, four idiots at the table. >> no, he's against binge drinking. >> so am i. >> pat's against it. >> this is the enemy. it is. we can't fight it. >> i don't know if i would say beer pong is the enemy. i'm a little more concerned about, you know, a nuclear holocaust, but if you say beer pong is the enemy, jim cramer, i'm with you. >> it's the enemy if you get behind the wheel after it. >> can i help you all? >> we're all going to die in a
7:02 am
nuclear war. is that what we're worried about? >> at the top of the hour, in washington, d.c., the one man kept clean and unscathed in this conversation, pat buchanan is with us. pat, yesterday olympia snowe voted for this legislation. all the newspapers are talking about it today. i brought up last hour that we had jim clyburn on, who yesterday when asked, is he going to vote for this bill if it looks anything like the baucus bill? he said no, no, no, no, no. if, in fact, this bill looks like the house bill or more like the house bill, snowe won't go along, will she? >> i don't think she will. the democrats rework the bill, i don't know how she can go along with it.
7:03 am
if you guys pull it to the left, we'll lose them, and we won't get them. i think he's going to ask hem to be the ones that really swallow hard and accept it. >> you know, mika, i don't care for this bill at all. we've seen the boston globe this morning editorialize against the bill because it's not liberal enough. we see "the wall street journal" editorialize against the bill because it's not conservative enough. this is washington at work. this is compromise. this is how -- this is almost a -- i mean, you could take it into a politics 101. these ugly compromises that take place end up with a bill that get just enough votes to pass. >> but we will have progress in the end? >> boy, i'll tell you what, everybody's angry right now. i'm with pat buchanan, who says this bill has a 50-50 chance of passing because republicans are going to bash it as a tax bill. democrats are going to say he doesn't provide enough coverage, like "the boston globe" did.
7:04 am
seniors are going to absolutely kill it because of the cuts in medicare advantage. and then, of course, you're going to have the shurps companies who are saying that everyone's premiums are going up. i can guarantee you, if you ask americans, do you believe chuck schumer or the insurance industry knows more about whether insurance industry costs are going to go up? 90% of them are going to say the insurance industry knows more about whether the insurance industry costs are going to go up. >> i think we need to be clear about the costs. >> so that feeds into a fear factor that in the end could still kill this bill. it's too early to tell. >> why don't we start there with a look atted too's top stories. as we've been discussing, a bill to reform the nation's health care system is inching closer to a full senate vote. after clearing a key hurdle on tuesday, the senate finance committee passed that $829 billion proposal with a single republican vote. although president obama is praising the bipartisan effort,
7:05 am
senator olympia snowe, that one republican, warns there's still a long way to go. >> so is this bill all i would want? is it all that it can be? no. but when history calls, history calls. i happen to think that the consequences of inaction dictate the urgency of congress to take every opportunity to demonstrate its capacity to solve the monumental issues of our time. >> you know, pat, if i were in congress, i would vote against this bill for just dozens of reasons. but i've got to respect -- and i wonder if you respect as a conservative who would also oppose this bill, olympia snowe, who is one person that's not blindly running to their party's side. it takes courage to step out like this, doesn't it? >> i think it really does. i think she stood up, and quite frankly, after president obama, she is the most important person
7:06 am
in the country now on national health care. she's had the courage to send this thing to the senate. the question will be, joe, does she have the courage, if they pull it too far left, to stand up and say, no, you've taken it a bridge too far, and i'm not voting for it. right now she is the woman in the arena. >> she is the republican moderate right now in the senate. she's at the center. i think, if they go too far left, mika, she will most definitely vote no. >> we'll be having her on the show this morning. we can ask her key questions on this. meanwhile, members of the nobel committee are defending their surprise decision to award president obama with this year's peace prize. the committee's chairman says, "alfred nobel wrote that the prize should go to the person who has contributed most to the development of peace in the peeve year. who has done more for that than barack obama? he got the prize for what he has done. all these things have contributed to, i wouldn't say a
7:07 am
safer world, but a world with less tension." >> pat buchanan? >> joe, i just -- i don't think barack obama really -- i agree with barack obama when he said he doesn't belong among a number of those honorees. when you said the iranian folks, the only reason i think they didn't get it was the fact that the deadline is february 1. my guess is that they'll be in the running for the nobel prize for next year. >> you say barack obama doesn't deserve to be in that company, which barack obama also said. but he could in a year or two years or four years, right? i mean, there's so many things this president could do. if he brings peace to afghanistan, if he solves the iran crisis, if he makes progress in the middle east. you're not suggesting that he couldn't deserve a nobel prize. >> i'm not ruling him out at all. what i'm saying is, when you take a look at teddy roosevelt ending the russo-japanese war and woodrow wilson's 14 points,
7:08 am
basically ending the greatest war in history up to that time. those are the only two other sitting presidents. nixon didn't get it for opening china or detante or going to china in 1972. i think what he's got is an incomplete. they've given him the heisman trophy after the first game of the season. and despite increased scrutiny, "the wall street journal" are reporting big banks are on track to award a record amount of executive bonuses. according to a new analysis, wall street will award employees about $140 billion this year. jim cramer? >> let's bring in jim cramer. >> should we congratulate these people? >> jim cramer, cnbc's "mad money" host. it's called jim cramer's getting back to even, your personal economic recovery plan. apparently, some banks on wall street doing better than get back to even. this seems offensive to us. i just had a friend of mine who
7:09 am
works in the business e-mail me and say, you shouldn't be offended. these banks made record profits. why shouldn't their people make the money? i guess the bigger question is why the hell are banks making record profits? >> it's actually a growth -- i don't want to get -- why not? it's a growth issue. there are two -- before i get to the judgmental issue. there were two banks that were destroying profits in this country for a long time, lehman brothers and bear stearns. i worked at goldman sachs, full disclosure. still remain very close to goldman. those two firms were price cutters on everything. so they were like costco and walmart. and goldman sacks would be a little bit like maybe a target. morgan stanley would be like sachs in some ways. when a guy comes in like a walmart and wrecks the profits, he can really wreak havoc on the industry. both bear and lehman go out, and what you see are just prices have gone up dramatically for every transaction, which is how goldman and jp morgan are making such big money.
7:10 am
remember, goldman and jp morgan returned the capital of the government. i don't think we should hold them in the same light as aig or citigroup or bank of america, who still are very much on the hook to the government. >> pat buchanan, politically, what a nightmare for people that supported these bailouts to see wall street is now giving record bonuses to their employees. >> there's going to be real -- i think real anger, especially if some of these banks that got all that dead paper on their books and a lot of money from the federal government are starting to hand out bonuses and things like that. they've got real problems. but let me ask jim cramer this. jim, the market's up 50%, i guess, in this year or in recent months. the s&p stocks are selling at 20 times earnings, i saw this morning. are we setting ourselves up for another hit? >> no. we're not. because at this particular stage in the cycle, whether it be 1981/'82, 1990/'91, you get
7:11 am
historic expensive stocks that turn out to be quite cheap when we get a worldwide economic recovery. pat, you're right on previous past earnings. they're extremely expensive, as they were the last two times we came out of recession. it's a good sign. the economy worldwide will boom next year. united states will be carried along with it. what's the matter with saying that if i think it's true? do i have to caveat it? >> you don't have to. i don't think it's true. we disagree. >> is it true that larry summers says, we're backing off from the edge of the abyss? or are you with the people out there looking for jobs, not seeing any end in sight, with 9.8%? >> we will put that at the tail end of the recovery because we have not created any jobs. i think the actual jobless number in this country is similar to 18%, which is where we were at the great depression. i will say this. china is pulling this world out of the morass. china is going to be the world's greatest power. >> come on. >> they're buying everything. >> don't be against the chinese.
7:12 am
>> you're saying they're going to take over the world. let me ask you this -- >> they have 30% of the -- >> let me ask you this, o'brien. you covered the nfl. you covered the nfl draft. we're the most technological age of all time. people dominate nanotechnology, biotechnology. these are the people that are going to dominate the 21st century. are you going to bet that china is going to dominate that century, or are you going to bet the country that has eight of the top ten research universities on the planet, united states of america, will dominate that century? >> but china has the money to buy every asset in the world. they're buying everything. who says they can't buy those companies, those technology companies? >> i totally agree. intel, the dominant company in semiconductors. look who they hire as researchers. look at the number of people who are chinese. >> who do they work for? for intel. >> intel, an american company. >> intel, china is the largest market by far now.
7:13 am
>> so they work for us. >> they work for us. and you're right about technology, but pat is right about balance sheets. >> you're missing the point, in my mind, because every economist says recovery isn't going to happen until 2012, and who's got the money to take advantage of anything anyway? do you? >> if we get a real infrastructure package, $2.2 trillion, according to civil engineers about what we need to do in infrastructure in this country, we will put people to work. i apologize for being optimistic. >> where's the money coming from? >> we've got to reset our economy, as pat buchanan's been saying for years, we don't build anything anymore. all we're doing -- >> what about equipment, tractors, the best semiconductors. >> i always hear caterpillar. we've got one company, great. >> best airlines. >> jim cramer, what have we done, other than trade private debt, which juiced the economy, for public debt, which we hope will juice the economy. all we've done is exchange where the debts come from.
7:14 am
instead of people making stupid, stupid loans to other stupid people, we've got the federal government making other stupid loans. >> the alternative was the great depression. >> that's fine. >> okay. just take that off the table. >> that's always the explanation. i'm not talking about we came back from the precipice last year. i want to know about next year. where's the growth coming from? it's just federal debt? >> where did it come from last night when intel reported and they said that worldwide technology spending is the highest it's been in 20 years. sequential growth, greatest in 30 years. the answer is the rest of the world will take what we make, and it's not just the brace. we still make it. >> you said, look, we're going to borrow $2 trillion for the intra structure. a, who are we going to borrow it from? b, aren't you just killing the dollar if we borrow all this stuff from the chinese? the dollar has already been sinking. when you've got a sinking currency, you've got a sinking country. >> no, i disagree with you.
7:15 am
second, i need to tell you, we need to be competitive. boeing versus airbus. our steel versus china steel. our aluminum. we need the weak dollar. the dollar also isn't that weak. >> the dollar is not that weak? >> go to versailles, kentucky, versus versailles, france. or go to amsterdam, new york, instead of amsterdam, netherlands. >> wow. >> honey, give me that. >> look at starbucks. >> he talks about the dollar being weak. i'll tell you, his coffee is not weak. >> give me the coffee. >> pat buchanan. the dollar's in horrible shape, pat. >> it's terrible shape. look, it used to be -- the dollar's lost half its value against the euro in about five or six years. american gas, soldiers overseas,
7:16 am
diplomats, foreign aid, all this stuff is losing its value. the cost of imports is going up. as dependent as we are. 16% of our gdp. i got to sit jim cramer down and talk to him. >> oh, boy. 3.75% on the 30-year if our dollar is so bad. why haven't the chinese sold our currency or our bonds? because we're still the safest place on the world to invest. >> they're now buying resources all over the world, minerals and oils and companies and real estate. >> we all can hear you. >> i'm surprised you're not a little more optimistic. >> mr. cramer, mr. buchanan, we'd like you in the next segment to use your inside voices. >> keep them separate. >> we've got a huge hour up next. the republican that voted yes, olympia snowe is going to be with us. and the new jersey gubernatorial race is getting closer. the candidates are getting nasty. republican chris christie will be here.
7:17 am
plus avoiding another economic meltdown. congressman barney frank outlines his plan for financial reform. he still thinks he's going to be on cnbc. don't tell him it's our show. and captain chesley sullenberger talks about his life after landing on the hudson. first a quick check on weather with our own bill karins. >> thanks, joe. good morning, everyone. the horrible storm that hit the west coast is starting to wind down. we had gusts up to 70 miles per hour just outside of san francisco. still some flash flood warnings we have to deal with today. we're also watching a lot of rain moving through the ohio valley and the southeast. this will all lead eventually to an east coast nor'easter tomorrow into friday. that will be a big event, possibly even some snow in the high elevations of the appalachians. look for one big storm on the west coast to big mess in the east as we head into the weekend. you're watching "morning joe." national car rental? that's my choice.
7:18 am
because with national, i roll past the counter... and choose any car in the aisle. choosing your own car? now that's a good call. go national. go like a pro.
7:19 am
7:20 am
7:21 am
i want to particularly thank senator olympia snowe for both the political courage and the seriousness of purpose that she's demonstrated throughout this process. >> the republican senator from maine and a member of the finance committee, senator olympia snowe, the only republican to vote in favor of the baucus health care bill yesterday. senator snowe, is washington a lonely place for you this morning? you stand alone. >> i know. >> you stand alone. what's it feel like? >> well, you know, it's not unusual in some ways here. but nevertheless, you've just got to focus on doing what's right and moving this process along and solving problems. that's what it's all about. hopefully, we can get more republicans and garner a democratic centrist as well in the process to build upon the bill that emerged from the senate finance committee yesterday. and, you know, it was an evolutionary process, the bill that came before the finance
7:22 am
committee had been a product of bipartisan discussions actually for almost four months, very intensive discussions. >> you know, senator, i'm a conservative, a small government conservative. i would have voted against this bill. but i've been telling republicans for a year now, two years now, we have got to expand the party and make being a republican base in new england again because we have been gutted up there. if this bill had come up ten years ago with republicans in the senate ten years ago, how many do you think you would have gotten? you wouldn't have been standing alone then, would you? >> you're absolutely right. we would have had much more support because actually a lot of the principles in this legislation would be principles that republicans could support. i mean, it builds upon the base system. it's not having government running health care. it's budget neutral. it's taking the costs within the health care system. we don't go outside of it. it's leveraging competition in the marketplace, using the
7:23 am
marketplace in the private sector to bring down costs in health care through more competition. so all of the ideas and principles that republicans have valued over the years. and it's unfortunate, but i think that, frankly, as this goes along, you'll see more republicans getting involved hopefully and incorporating their ideas. they offered, i think, many good ideas, and that's the other point is that i hope the democrats listen and bring in the good ideas that republicans have been offering. it will only make the bill better. >> senator, you said your yes vote yesterday was just that, a yes vote yesterday. what would be a deal breaker once it hits the senate floor which would cause you to pull back your support from it. >> it would be greater costs, frankly. as we expand this bill immeasurably because that's important. secondly, going outside of the health care system to finance things because we want to keep it contained within the health care system. the public option would be
7:24 am
problematic, as i have said. i'm against the public option because i think the government would be a vast bureaucracy and also create a disproportionate advantage in the marketplace, and inevitably government's not going to do it better, and it's going to be more costly. if we can give the private sector the standards by which they're required to maintain, i think we can leverage the marketplace for more affordable quality choices for health insurance and affordable health insurance plans. >> mr. e brian? >> senator, in many ways, i feel sorry for people trying to keep track of all this and you say expand the bill immeasurably. what will the final bill look like, surely nothing like what's come out of this committee? >> right. a lot of it is what's good because of what we do in the marketplace and offering choices, having small businesses, insurance reform. having national plans that can be offered across state lines, regional plans or state-based plans. more small businesses will have access to this exchange immediately.
7:25 am
that will leverage competition. so from that standpoint, it's outstanding. and it's not, you know, constantly raising income taxes. we don't go into the income taxes. we don't go outside the system to finance this. i think that is critically important. we're expected to spend $33 trillion over the next ten years in health care. are we saying that we cannot reorder $829 billion within the decade? i think we can. and we have to because the cost is so astronomical that it's going to put it out of reach for more and more americans. this is employer-based coverage today of a $13,000 plan will be $30,000 in 2019. >> wow. pat buchanan? >> senator snowe, this bill has got to be married to the dodd bill and then voted on by the senate, and then it's got to be married with the house bill in conference. now, is it not thus far more likely that this bill is going to be pulled further and further away from those republican
7:26 am
principles and much closer, or somewhat closer to the liberal progressive principles of the democratic party? isn't that almost an inevitablity? >> well, i hope not. you know, i mentioned that to the president because i think it's important to keep it into the center and to work with, you know, other republicans and democratic centrists as well to take and incorporate their ideas. as we go through the process in the united states senate, obviously, that's worrisome. i think that that is a concern to all of us as what will happen in the senate and what will happen in the merger that will take place over the next couple of weeks. if it departs markedly from the framework of the senate finance bill. not to say the senate finance bill doesn't need improvements. it does, as i mentioned yesterday. we have to work on that. other people have good ideas we should be thinking of. as i always say, it's not getting the good ideas, it's whether or not it's a good idea.
7:27 am
we have to be receptive and get back to crafting legislation in the art of governing, which has been truly lost here on capitol hill for so long. it's been all about politics. >> that is that, senator snowe. thank you so much for being with us. we really do appreciate it. >> i appreciate it. thank you. >> "the curious case of benjamin button" >> coming up next, new jersey's royal rumble. we'll be talking to the republican candidate chris christie when we come back. ♪ (announcer) thanks to our everyday low prices, halloween costs less at walmart. save money. live better. walmart.
7:28 am
save money. live better. [bell ringing] the way the stock market's been acting lately you may wonder if you've been doing the right thing. is the advice you've been getting helping or hurting? are the fees you're paying really worth it? td ameritrade's fees are fair and straight-forward. their research is independent and unbiased. their investment consultants are knowledgeable and there when you need them. so why not talk to one? announcer: call today to schedule a free investment check-up, or visit a td ameritrade branch. 100 years of engineering excellence is right on time. it's gmc truck month. shop sierra 1500 slt with the 403 horsepower 6.2 liter v8. it's the most powerful half ton v8 in its class. step up to the best. it's gmc truck month. get 0% apr for 60 months on 2009 gmc sierra or get $6,000 total cash back on
7:29 am
select 09 sierra 1500 extended and crew cabs in stock. see your gmc dealer today. get the taste of a home-cooked meal at work with new marie callender's home-style creations-- a delicious meal made fresh from your desk. just cook them, strain them, mix them. marie callender's home-style creations. a little touch of home for lunch. find them in the soup or pasta aisle. a little touch of home for lunch. female valve: hahahaha...i am sfx:strong like the ox.ght. i crush you like tiny clown car. because you are... ...clown, yes? female valve: come, you hit me again and i break you. male valve: oh, you messed with wrong pipe now, car. ha, ha trust me...i have to live with her.
7:30 am
announcer:accidents are bad. but geico's good with guaranteed repairs through auto repair express. ch shows that dancing is good for your heart. so is fish oil. nature made fish oil protects your heart, so you can dance great and live great every day. learn more at nature made. fuel your greatness. woman: there's an easier way. create your own business site with intuit websites.
7:31 am
just choose a style, then customize, publish, and get found. ( register bell dings ) sweet. get a 30-day free trial at you might have seen some of these ads, the one that claimed the local butchers and small businesses somehow will be harmed by this. only businesses that offer financial services will be affected by this agency. i don't know how many of you are butchers and offering financial services. >> my butcher offers me financial advice. >> that's the problem. >> that explains a hell of a lot. >> thank you. now i understand. >> let's go to capitol hill and talk to the congressman from massachusetts, chairman of the house financial services committee, congressman barney frank. today the house financial services committee is tackling the president's wall street
7:32 am
reforms. what can we expect from the hill today? >> i'm pleased to say the bill today which will deal with derivatives, i think, will go a very long way toward making it much less likely a repeat will happen. you can never be certain. we've had a lot of back and forth on this and a lot of conversations. i'm glad i was able to get majority support for this bill today. it will basically require a very large number of derivative trades to be done on an exchange. you have this problem where they were done between two parties quietly, secretly, and essentially aig is the poster child here. they got way overextended with derivatives. they committed themselves to pay off in case of failures way beyond what they could, and that's what provoked the bush administration to say we've got to stop and provide them the money. today there are going to be some amendments adopted and finally got an agreement in caucus that's going to toughen this up and drive most derivative
7:33 am
trading, not all of it, onto exchanges. >> so explain to people, well, like me that don't really understand the problems that grew that you're trying to fix. are these the so-called over the counter trades that aren't regulated, that nobody looked at? >> yes. as you know, no one should feel bad about not understanding these because the people engaged in them didn't understand it. that was part of the problem. the over the counter trades means two parties get together and make this deal. in the case of aig, aig was agreeing, in effect, to insure a whole lot of other people against a drop in the value of the derivatives they bought. what happened, aig didn't have the funds to back it up. they insured these because they assumed house prices would go up and up. many of these were based on house prices. they thought they'd never have to make good. i've analogized it to people who decided to sell life insurance to vampires. if you're selling life insurance to vampires, you don't have to worry about your reserves. then the vampires started dying, and aig was collapsing.
7:34 am
what we're seeing now is the great majority of these trades, certainly between financial institutions, they all will have to go onto an exchange. they will have to be traded back as stock. then you have openness, and you would then be required by the exchange to post capital. exchanges wouldn't let you get so overexposed. for those that are using hedging, which is a legitimate tool because they make a good or provide a service and they want to protect against volatility, at the very least, they will have to post the price. but even more than that, in many cases, they will also have to go on an exchange, and i believe that the evolution here will be that people will see that they'll get a better price for their hedging if they do go on an exchange. so we'll start out with a lot of these trades, most of them going on exchanges, and i believe the evolution will be that almost all of them will. there will still be some individualized ones, but those will be subject to great scrutiny from the regulators and higher capital requirements. >> jim cramer is here. >> congressman frank, i applaud
7:35 am
what you're trying to do with derivatives, but i think the bigger issue is what lloyd blank fine lined yesterday, ceo of goldman sachs in the financial times. he said -- and i'll use more pointed terms. that basically a lot of firms lied about their exposure, not just in derivatives. aig said they had $50 million in derivatives. they actually had $200 billion in derivatives. had the s.e.c. said, listen, you've got to tell us what you had in inventory, a lot of this crisis would have been prevented. what are you doing about enforcing transparency and saying you've got to tell the truth and showing what you really own. >> first, jim -- and that's a really important point. by forcing them on exchanges, and at least if they're not on exchanges, publishing them, you wouldn't have the private otc deals. they were private deals, and no one knew what the exposure was. even for those entities that can say, look, i'm making this product, and i want to hedge against volatility so i can focus on supply and demand, even then if they do a hedge for
7:36 am
purely commercial reasons, exposure will be public. beyond that, this is only one bill we're doing. later today and tomorrow, we're getting to the consumer protection agency, and we're dealing with a whole set of issues about systemic risk and increasing the powers of the s.e.c., increasing registration requirements. everybody will have to register. the hedge funds, private equity. venture capital will be treated differently because we don't want to impede that process, but even they have agreed to reporting, and we're going to be reporting data. there will be a massive increase in the amount of data reported to the regulatory agencies. >> barney, do you have some republicans going along with this? because obviously we conservatives are skeptical of regulation, especially on small businesses. after so many market booms and busts, i would guess you do have some republicans who think this needs to be done. >> yes. but not as many as i would like. it looked better in the senate. i am sorry to say that the
7:37 am
republicans appear, frankly, i saw an article today, to be kind of rooting for a democratic failure over and above the substance. the other thing i would say this with regard to small business, and we're certainly supportive of that, but very few small businesses hedge, as you know. >> right. and my point has been, barney, that because we were against regulation over the past 20 years or so because we would hear from small businesses that would say get government off our back, i think we made a mistake, and we applied this blindly to wall street as well. >> i agree. >> which led to booms and busts in '87 and '98 and '99 and 2000 and 2008. >> i agree. >> i'm wondering if republicans on the hill are starting to figure out, okay, we keep government off of small businesses' backs as much as we can, but we really have to keep an eye on wall street. >> that's very much what we're doing. by the way, i would argue -- and i think you would agree -- we have a problem with an investors strike. too much money has gone into the u.s. treasuries, et cetera, not
7:38 am
enough has been put at risk. that's probably because people are afraid to do it. what we're trying to do with this set of rules is give investors confidence. i would regard this as pro-market. we would encourage people to get back into the market, and they're not going to do that until they have better confidence what they put in isn't going to disappear somewhere. >> no doubt about it. it can't be the wild, wild west, and i actuallied made the argument over the past year this is the conservative thing to do, that you make sure that people, when they invest their money, it's not a crap shoot like it has been. >> in much of the country, they think it was a wild, wild east on the east coast. >> congressman barney frank, thank you for coming on the shoi. it was great to see you. >> look who's here. it's exciting. >> we got that springsteen music going. it is a new jersey smackdown. >> republican candidate for governor chris christie coming up next on "morning joe" brewed by starbucks. (announcer) the sinus triple threat.
7:39 am
owwww.... (announcer) not just sinus headache... but pressure... and congestion. (announcer) you need a sinus medicine ooohhh... that rescues you from all three symptoms introducing new sudafed pe® triple action™. for more complete relief from the sinus triple threat. get more complete relief. with new sudafed pe® triple action™. also find sudafed® behind the counter.
7:40 am
7:41 am
7:42 am
if you were caught speeding in an unregistered car, would you get away without points? chris christie did. christie threw his weight around as a u.s. attorney and got off easy. >> here's the thing that bothers me. corzine is using the same, i think, mean spirited attacks towards chris christie as you use towards me. always talking about my weight. throwing my weight around. she accuses me of obesity. i don't appreciate it. >> when i talk about weight, i'm quite serious about it because i think it's a serious issue. i think you've lost some weight, and that's great. it's a health issue. >> but it's hateful. >> no, it's not. >> this new jersey race has gotten so nasty. >> it has. >> he goes after his candidate's ethics as well as his waistline. here's the target of the ad,
7:43 am
gubernatorial candidate for new jersey, chris christie. chris, this is like middle school stuff. can you believe that you were being attacked in a race for governor in the garden state because of your weight? >> listen, it's silly. but if you had john corzine's record, highest unemployment in 33 years, highest tax burdened state in america, highest property taxes in america, you'd want to talk about anything but that. so the great thing about it is they deny they're talking about my weight. >> throwing your weight around in every ad. >> i actually think this kind of thing could backfire because it does come off as mean spirited. >> sort of pet lant. >> jim cramer is from new jersey. >> and you're from new jersey. >> you live in englewood, and you live in eng led wood. >> richwood, englewood, it's all wood. >> highest unemployment in 33 years? >> it is a state that is challenged. our property taxes are way out of control. it's not really the agenda -- let me tell you what i see the
7:44 am
campaign about. i know this man as a great prosecutor who's put away more bad guys than any prosecutor i've ever worked with. i work with a lot of them around the country in support of the government. the race seems to be about you being a fat sleazy guy with a corrupt family who's against mammograms. i mean, you're satan incarnate. someone spending $35 million to convince everyone in the state that you may be the worst person who's ever lived, ever. >> that's true. the governor would be content to have this race be the incompetent versus the evil. he's the incompetent. he's not even trying to fight me that his term has been incompetent. i'm incompetent, but this guy is evil. this is crazy. people watched me for seven years as a u.s. attorney. you saw me. you know what i did. in the end, i was born there, raised there, and they know me. i think this stuff will fall flat. he's trying to make it so it will not. >> there are some interesting dimensions in this race, including another candidate.
7:45 am
why are you so worried i'm going to talk about fat? seriously, calm down. >> there's a poll that's out, me cap ' >> you're crazy. >> because you attack me all the time about it. >> i'm very concerned about the obesity crisis in this country, and i talk about it a lot. i think the health care issue has nothing to do with this conversation. >> is christie's weight a legitimate issue, 81% to 11%. here we talked about this for a couple of minutes. >> this will backfire. >> here's the overall poll, quinnipiac. 41% christie, 40% corzine, 14% daggett. that is close. has corzine gotten over 40%, 41%? >> no, he hasn't. that's where he's been kind of all year, right in that range, mid-30s to 40%. but in the end, the reason for that -- think about this. this is a state that barack obama won by 15 points. 700,000 more registered democrats than republicans. >> how many points? >> 15, obama won by. 700,000 more democrats than republicans registered in new
7:46 am
jersey. and governor has outspent me nearly four-to-one so far. i'm very happy about where i am. i think it tells you what this race is about is new jersey's awful tax system and the unemployment that we have that's higher than any state in the region. >> it's not just corzine. this chris daggett, he got the boost from the star ledger. he could be a player in this, or he could make or break it for one of you two? >> that's an endorsement of jon corzine because he takes your votes away. the star ledger can say, oh, we're staying out of it, when actually they're doing jon corzine's bidding. >> i went to the editorial board. i was in there for five minutes, and i knew i wasn't getting the endorsement. then it was just about survival. that's fine. they endorse who they endorse. in the end, i don't think people are going to care about that. i think what they're going to look at is who can bring change to trenton. daggett is not going to win. i'm the guy that can beat
7:47 am
governor corzine. >> we had governor corzine in sweating a little bit because you had a double digit lead. had him in two weeks ago, and he's a little bit more excited. what's happened in the polls since then? >> what's happened is the race has naturally tightened due to all the factors i just mentioned to joe. this is a state that's a blue state and a predominantly democratic state. when you look at the poll numbers going up, it's basically democrats coming home to him who were on the fence before. republicans have won four times statewide in new jersey the last 28 years. 3 of those 4 races have been decided by one point or less. i never believe those polls in the summer. i knew this was going to be a close race and a fight. but the fact that he spent $20 paraleg million now of his own money and counting and i've spent 5 and i'm still in the lead in those polls will tell you something's happening in new jersey. we're going to win this thing in 20 days. i am absolutely confident about this. >> so if looking ats the strategy as we go down the
7:48 am
homestretch, it looks like, if jon can't get his numbers above 40%, 41%, the only way he wins is by bringing you down and helping the independent candidate. he's got to destroy you -- and i guess that's what all these ads are about. is that the case? >> that's the strategy. >> and you live in jersey. that's basically what's happening, right? >> if he asks you about the budget plan. i work for jon. i'm an old fan of jon. if he asked you what you were going to do about budget, i would feel better instead of saying you're a fat guy that's real sleazy. >> in the end, what this is all about is people in new jersey are saying he raised our taxes $9 billion over the last four years after saying he wouldn't. he's caused unemployment, a point plus higher than any state in the region, including new york or connecticut or pennsylvania or delaware. people in new jersey are hurting, and they can't pay their bills. they're tired of having a governor like jon corzine who spends all his own money and
7:49 am
theirs too. he's very good at doing that. they want a governor that's going to say no to a lot of this stuff. that's the kind of governor i'm going to be. >> 21 days. chris christie, thank you. we've made joe nervous. >> it's not rude. it's awful. >> she was great. >> was she okay? >> not okay, great. >> we have a lot to talk about. >> yeah, we do. >> i was thrilled to testify for the government at chris' suggestion, and we put away a bad guy that stole a lot of pension money. >> he was a tough prosecutor? >> toughest there was. toughest in the country. >> you don't usually get to testify around, do you? >> no. i felt that he brought me in, and i was proud to represent the united states people in a very important sentencing, proud that you asked me to. >> thanks for doing it, jim. he's still in jail today. >> yes, he is. >> thank you, chris. up next, a hero's story. sully is here, captain chesley sullenberger, to talk about life after the miracle on the hudson.
7:50 am
goodwrench... we roll out the blue carpet for drivers of these great gm brands. we can do the small things, the big things, just about everything... right inside your gm dealership. find out more at it's critical that i stick to my medication. i cannot be one of the 61 million americans who do not refill their prescriptions on time. readyfill at cvs pharmacy automatically refills my prescriptions and reminds me to pick them up. you mean, reminds me to pick them up. [ chuckles ] stop by your local cvs pharmacy to ask if readyfill is right for you. readyfill, only at cvs pharmacy. indulge in endless choices of your favorite shrimp. including new wood-grilled shrimp with a teriyaki glaze. it's endless shrimp -- our best value of the year.
7:51 am
now at red lobster.
7:52 am
announcer: there's having it done. then there's doing it yourself and saving. it's about sawdust in your boots, paint in your hair and no holes in your wallet. - man: whew! - we've lowered prices throughout the store, giving you all the tools you need and the bragging rights you deserve. more saving. more doing. that's the power of the home depot. save 20 bucks with a new lower price on the kohler forte kitchen faucet.
7:53 am
gm drivers.. it's goodwrench & go time. three great services: all in one place. all at one time. all for one price for most gm vehicles. but it's only for a limited time. at participating gm dealers. we've had a miracle on 34th street. i believe, now we've had a miracle in the hudson. >> you're in a, what, 20,000 ton aircraft floating in the water and people didn't die. that's nothing short of a miracle. >> we were hitting the hudson river with full impact going, boom! and then we stopped.
7:54 am
and then we looked out and they said, you know, like, brace, and so forth, but we all wanted to see what was going to happen. whether we were going to die or live. >> if this guy doesn't get the recognition he needs -- is the reason my daughter, my 2 1/2-year-old has a dad and my wife still has a husband. >> with us now, the hero who is getting the recognition he deserves for landing the u.s. airways flight 1549 on the hudson river in january. we've got captain chesley "sullen" sullenberger, the author of "highest duty: my search for what really matters." and when you hear a guy saying, my 2-year-old daughter has a dad still because of you, that's got to be all the recognition that you or anybody else would need. >> absolutely. the words of gratitude from the passengers, of course, are the words that mean the most to me. and those are such heartfelt sentiments that just, it was a life-changing event for everyone
7:55 am
concerned. >> and life-changing, also, for you and your family, in terms of not only the event itself and sort of dealing with that, but the reaction, which now nine months later, we all still love this story. and you have written a book about your journey in life. how are you all handling the celebrity, really? >> one day at a time. at first, it was overwhelming, and then it felt surreal, but just through practice, we've gotten better at it. and people's gift of their gratitude toward us has afforded us amazing opportunities, just like this one. >> captain sully, i've got to ask you a simple question. does anything make you nervous? when you listen to this cockpit voice recorder, you're about to land a plane with no power in the hudson, and you're simply, like, we're going down -- >> there was no inflection in your voice as you were landing a plane in the hudson, how do you stay so cool? >> as i total the investigators of the ntsb, if you think i
7:56 am
wasn't startled, you misunderstood. >> what makes you nervous? >> you mean, besides being on television? >> what would make you raise your voice and actually inflect? >> i do on occasion, i just don't do it in public very much. i do it when it's appropriate, when i need to. >> you're adamant that the u.s. air force training played a big role. can you talk about what the air force does? because it doesn't produce just great fighting people, it produces remarkable leaders. we've seen this over and over again. what did they do for you? >> i think all the military services do that. and there are a lot of civilian schools that will provide great aviation training and great leadership. but what the military does is it imbues one with a certain culture, a sense of responsibility for the people in your care. and that's what i've brought to the table. >> that what -- do you think that training, that air force training, that military training helped you stay calm as your crippled plane was going toward george washington --
7:57 am
>> of course. in the decades and the tens of thousands of hours of flying experience, we worked very hard never to be surprised as a professional pilot. >> why is it that in every other industry, in every other line of business, people want experience, but when it comes to pilots, we start trying to kick them out once they get 60. i want a 65-year-old pilot! when i see a kid who's like 29 on one of these small planes, i start writing my last will and testament. >> oh, come on! >> seriously. why don't we want older pilots who have been through it all? >> well, there is mandatory retirement age that's been on the books for decades. and a few years ago, it was raised from 60 to 65. >> i want 70-year-olds. >> actually, some of the past years told me later when they looked in the cockpit when they were boarding our flight back in january and saw i had white hair, they were reassured. i'm lucky to be in a profession
7:58 am
where experience is valued. >> experience does matter. we look at the tragic flight in buffalo and the poor young woman who passed away on flight who was looking at the wings icing up and saying, my gosh, i need more experience before i start flying in the northeast. that was a shock. that was a wake-up call to a lot of us. what do we do to make sure that when we put our loved ones on planes that we have people like you that are able to train the young women and the young men out there to become great pilots down the road. who do we do as americans? >> that's been part of my consistent message since i first testified before the house aviation subcommittee back in februa february. is that there are things that matter, fundamental skills, in-depth knowledge, and the kind of judgment that comes from experience. and if our industry chooses to value the airline piloting
7:59 am
society in such a way that we can continue to attract the best and brightest. so we can't just rely on investments that we have made in the past. we have to continue making investments going forward in the future, not only in technologies, not only in systems, but in people. >> especially in people. >> is there any chance, captain, you would make your flight schedule public so i can get on only your flights? wherever i'm going? >> you know, we're trying to make every flight safer -- >> yeah, but i'd like -- >> my colleagues out there today, there are hundreds of thousands of aviation workers who take their jobs very seriously and all my colleagues feel the same way. >> captain sullenberger, thank you very much. your book "highest duty," thank you for coming on the show. coming up next, senator evan bayh. we'll ask him about the advice he offered president obama yesterday on controlling the federal deficit.
8:00 am
[ thunder rumbles ] what is the sign of a good decision? in the world of personal finance, it's massmutual. find strength and stability in a company that's owned by its policyholders. ask your advisor or visit because with national, i roll past the counter... and choose any car in the aisle. choosing your own car? now that's a good call. go national. go like a pro.
8:01 am
8:02 am
8:03 am
welcome to "morning joe." a shot of washington, d.c., where the white house has to be breathing a little easier. >> one step over the first hurdle. >> there are probably about four or five other hurdles there and they'll want to be able to carry senator snowe over every hurdle. i don't know if they'll be able to do. >> i'm not sure, the way she was talking this morning. >> we'll be talking to chuck todd, nbc's news' chief washington correspondent and also ron brownstein and asking ron if he agrees with pat buchanan and me that still a 50/50 proposition. >> and senator evan bayh coming up. >> yep. talking about the deficit. we'll ask him about health care. >> good lineup. first, let's get a look at some of today's top stories. a bill to reform the nation's health care system is inching closer to a full senate vote
8:04 am
after clearing a key hurdle on tuesday. the senate finance committee passed an $829 billion proposal with senator olympia snowe casting the single republican vote. earlier on "morning joe," senator snowe discussed why she voted in favor of the plan, which excludes a public option. >> the public option would be problematic. as i have said, i'm against a public option, because i think the government would be another vast bureaucracy and also create disproportionate advantage in the marketplace. and inevitably, government is not going to do it better and it's going to be more costly. we can give the private sector the standards by which they are required to maintain, and i think that we can leverage the marketplace for more affordable, quality choices for health insurance and affordable health insurance plans. >> despite pressure from secretary of state hillary clinton, russian officials say threatening iran with new sanctions would be, quote, counterproductive. still, the kremlin says they would consider the sanctions if
8:05 am
tehran fails to allow inspectors into its nuclear facility. secretary clinton is due back in the u.s. later tonight. and after 18 years in captivity, we are getting the first picture of what jaycee dugard looks like today. the 29-year-old is making her first public comments to "people" magazine after police say she was kidnapped by a sex offender back in 1991. her alleged attacker and his wife are pleaded not guilty to kidnapping a sexual assault. all right. life in the white house, chief white house correspondent and political director, chuck todd. chuck, you are also political director for the atlantic media company, ron brownstein. first, we had chris christie on. this new jersey race is getting so ugly. we know why. he's not first to do it, but jon corzine can't get his numbers up in the mid- to high 40s, so he's
8:06 am
got to take chris christie down. is he going to succeed? >> reporter: what if they both succeed? here's what i mean by that. if they both succeed in dirtying either orth to the point, don't underestimate this guy, chris daggett, who's sitting at 14%. i want to flash back, a poll, mid-october, skip humphrey and norm coleman were beating the living daylights out of each other. jesse ventura was sitting in the low teens. in october, he hit 15% in the mason-dixon poll. literally, at this same moment, in about a 2 1/2 week span, catapulted and ended up winning. and that's what's happened to third party candidates. what i would say to this is don't underestimate this daggett thing. it's suddenly hitting, it's hitting all of the high points that an independent third party candidate needs to sort of suddenly come out of nowhere.
8:07 am
he's got mainstream media support now, newark star ledger, the local media is covering him. he can end up free mediating his way in just the way ventura did. i'm just saying, keep an eye on this, because it looks like christie and corzine are so disintegrating into negative ad territory. >> ron, obviously, corzine is outspending christie 4-1, 5-1. i wonder, it's almost like gray davis in california. remember, he ran such a nasty campaign back then that after he won, there was -- he couldn't governor. i wonder if jon corzine is doing the same thing, where all of these nasty ads, making fun of his weight, accusing him of "throwing his weight around," does this get him possibly elected, but then make him a loathe figure in new jersey? >> the gravity in this rate is incumbent. it's very hard for them to run a
8:08 am
point or two or three ahead of their approval rating. so what you're talking about this morning is very much real. it's very, very difficult for him to get above the low 40s, because that is the gravity holding him back. and the only way i think he wins this race is by a combination of disqualifying christie, but also if daggett improves enough to allow somebody to win in the low 50s. >> so corzine can't win. he's got to make christie lose. >> or the bar has to become low enough to win because daggett does well. minnesota is better than new jersey in the sense they have more of a tradition of voting for independent candidates. there's no doubt if daggett does kind offen benefit from this, as you suggested to christie, clearly, that is better for corzine than to christie. >> we need to talk to chuck about the baucus bill. but just, quickly, this issue with the commercial about christie's weight, in this era of constant news analysis, that just seems like the dumbest campaign move i've ever seen.
8:09 am
>> i think it looks juvenile, it backfires. >> how would they not have known that? >> i don't know. i don't know. >> all right. >> chuck, let's talk -- i do think, though, because they put it out early enough for everybody to talk about in new jersey and on national tv, it becomes obvious it's a petulant, eighth-grade attack. >> i think somebody in the campaign probably could have predicted that. >> my suggestion, do it the night before. i'm joking! i'm joking! >> terrible. >> let's talk about the baucus bill. i've had some really horrible things said about me before elections. the baucus bill, olympia snowe was on earlier this morning. it looks like she voted for the health care reform bill that she's going to vote for. she's not going to be pulled left based on what she said this morning. i guess the white house understands that, right? >> well, they know it, and i think that this idea -- look, chris dodd, henry waxman,
8:10 am
charlie rangel, the ones that have their own versions of health care reform, i think they realize, they're second string now. harry reid, max baucus, olympia snowe and rahm emanuel, this bill, the framework of this bill is coming out of the finance committee and if they add something and olympia snowe doesn't like it -- and you know, the thing is, she is not a party of one. she is actually a party of about eight to ten, but the eight to ten aren't republicans, they're conservative democrats. >> she gets the cover for blanche lincoln? >> absolutely. it's blanche lincoln, ben nelson, could even be joe lieberman, could be an evan bayh, who i know you're going to be talking with in a few minutes. my point is, this thing is going to be written out of the finance committee. it's going to make some on the left very, very upset, because that senate health bill isn't going to have a lot of influence on what's merged together. harry reid has privately sort of said, hey, he's about protecting, making sure all of his members in the senate feel
8:11 am
comfortable with what's brought to the floor. there'll be a lot of amendments that are attempted to added in, but i have a feeling those things may not get the 60 votes. this is about olympia snowe. she's at the table. i've got to think, they've got her now. they'll do whatever it takes to keep her. >> let's bring in from washington right now, democratic senator from indiana, a member of the banking committee, senator evan bayh. senator bayh is taking on america's exploding deficits. this is his first interview since he met with barack obama yesterday. and today he sent a letter to majority leader harry reid urging a task force on fiscal responsibility. well, let's start right there, evan bayh. this weekend, "the new york times" had a lead story talking about how lobbying actually killed efforts to set up a medicare commission with real teeth that would bring down the cost of medicare, make, health insurance over the next decade. it doesn't look like democratic leaders, according to the times, harry reid and nancy pelosi are
8:12 am
interested in deficits. >> well, joe, with unfortunately, as you know, this is not a democrat or republican issue, it's an institutional issue. the deficit was exploding under president bush and the republican leadership in congress, just the same. so my proposal to the president, going forward, and to my colleagues through my letter to harry reid is, let's set up a new process that focuses on getting the deficit down, controlling spend, the debt, joe, is exploding. each of you on the panel today, every one of your viewers now owes $38,000. it's supposed to double over the next ten years. this is not sustainable. so we have to change -- we can't afford business as usual. we've got to change the process. >> and senator, let's put this in perspective. when george w. bush took over as president, we had a surplus. when he left as president, we had a $1.5 trillion deficit. our national debt doubled. medicare, because of the $7 trillion medicare drug benefit plan is teetering on the brink of bankruptcy.
8:13 am
and the situation has only gotten worse under president obama's proposed deficits over the next decade. >> well, in fairness to the president, he inherited 90% of this economy because of the weak economy, spending in the wars in afghanistan and iraq. but regardless of who caused it, we've got to deal with it going forward. and if you offer politicians the path of least resistance, which is borrowing, that's what they do. the size of these deficits is so large, it's going to cause the dollar to go down and it steals from our children. that's not the american way. to harm our children's standard of living to benefit ourselves. we can't do that. >> senator, i agree with you that the president inherited a bad situation from george w. bush. but you and i both know that his ten-year budget plan doesn't make the situation better. it doubles the national debt. he wasn't responsible in his
8:14 am
budget either. >> well, the good news is, based upon my private conversations with him yesterday, one on one in the oval office, the reason he call med doed me down there,e really knows this is an issue we have to deal with. he wants to focus on getting the deficit down. the timing issue is rather tricky because the economy is so weak right now. you can't afford to just cut to the bone now, but he wants to put us on a guide path to getting this deficit down in a way that will allow the economy to recover and grow. he's serious about this. that's why he called me there. and he's willing to take some tough steps, even with members of our own party to deal with this. and this institutional reform, as you know, people don't like their little fiefdoms interfered with. he's willing to take this on for the sake of the american people and getting the deficit around control and i'm willing to work with him and applaud him for that. >> when you said what you said, which is i assume a little bit of what you're telling us now, to the president, what did he say back to you that was tangible that made you believe that this would be dealt with?
8:15 am
>> well, for starters, mika, he brought up the issue. and he has told me he's willing to take this on in terms of earmark reform, process reform, making some of the tough constituents, and the reason for that, he knows progressive government doing more for health care education, the environment, all those things that we care about can't be done on a foundation of debt and deficit. in the short run, we've got to get our fiscal house in order so in the long run we can do some of these things we all care about. mika, he said, i'm counting on you and some who believe as you do and i do, to make these tough decisions. i was encouraged by our situation. >> senator, can you vote for the health care reform bill that olympia snowe voted for yesterday? >> i would be inclined to vote yes on that bill, joe, because it does get the deficit down, provides protection for people who currently have insurance, it
8:16 am
does away with pre-existing condition exclusions and all those sorts of things, but i'm going to focus like a laser that we actually do get the deficit down and some of these amendments don't start getting the deficit up, don't make insurance that people currently have more expensive, don't do things that make it a proteacti bill. >> thank you, senator. ron, i want to go back to olympia snowe, who is being castigated by conservatives this morning and who is loathed by liberals. the bottom line is, she has made this bill a more moderate bill. >> absolutely. >> moving forward. because if she'd voted against it, the left would have taken over. they would have owned this bill. so should conservatives at least tip their hat to her for keeping moderates in the game? >> baucus in general, i think, did try to do that. in the senate, you have to do that. and she has changed the trajectory of the bill. whether she can control it all the way through is another question. there's still a lot of hurdles
8:17 am
to go, but there's clearly momentum developing behind this. and in some ways, in the final act, the president's friends may be as much of a challenge as his ostensible foes. because you've got big elements of his party that are fighting against important parts of this compromise that make it acceptable to moderates. for example, financing a big chunk of it with tax on high-end insurance plans instead of a surtax is one of the key reasons it's acceptable to people like evan bayh. that's a finance source that ghost fa goes faster than the spending. the general trajectory, democrats seem to be making the accommodations to each other as well as to snowe. >> and our thanks to chuck todd as well. coming up next, how to overcome stress and strain of a struggling economy. a lot of issues out there. >> what, did you read jim cramer's book? >> we could start there. but then we could talk to spiritual guru deepak chopra.
8:18 am
coming up, we'll do that. and no more gentle jabs. are late-night comics turning on president obama? oh, no, he's brought the dog. >> no, he hasn't. >> remember last time. >> this is a dog that vomited on mika before, on air. >> richard belzer will be here. (announcer) romano's macaroni grill
8:19 am
has a way to get things cooking..... at home. macaroni grill dinner kits. you get the pasta, special sauces and seasonings. just add your grilled chicken, and cook for 20 minutes. romano's macaroni grill dinner kits. the restaurant favorites that let you.... stay in, and go all out.
8:20 am
8:21 am
welcome back to "morning joe." here with us now, cofounder of the chopra center for well-being, dr. deepak chopra, who is the author of "reinventing the body, resurrecting the soul, how to create a new you." and it is our pleasure to have you in the studio. >> and this is really -- look at this. we have -- this is perfect. this is perfect. this is how to get your bank account back up, right?
8:22 am
right? in these terrible times. and this book helps body and soul. >> it's pretty too. >> it is. >> but honestly, during these tough times, what people do, especially in the case of a job loss or stress about potential of losing jobs, people do experience forms of depression. and probably need to deal with that. >> yeah. and we know a lot about the damaging effects of depression, but we are now slowly finding about the beneficial effects of happiness and when you study the signs of happiness, you find that people who are happy will find creative opportunities where other people are seeing challenges or problems. and they will focus more on relationships. so the best way to get out of depression is actually focus left on consumption. you know, we've created a culture where we buy things with money that we haven't earned to impress people that we don't like. so focus less on consumption and more on relationships.
8:23 am
ask yourself, you know, what are my unique talents? how do i express them at this moment? what gives me meaning and purpose in life? what makes me happy? how can i make other people happy? >> and that sounds wonderful and i think you are right about an openness in terms of positive thinking to opportunity versus negative thinking, maybe closing off potential opportunities that you just can't see, because you're not thinking that way. having said that, these are not normal times. these are really difficult times. >> they are tough times. and, yet, if you take a little -- this is opportunity for you to take some time to reflect, to ask yourself, how can i go over my limiting beliefs. there's a lot of good research that people who take time to reflect, to ask questions, to take a little time to stop and be quiet will find opportunities. cognitive therapy shows that it's very effective to do that. >> is it fair if i may challenge you and say that some people
8:24 am
watch wiing right now may say, y for him to say, but not easy for me to say as i don't know how i'm going to pay the mortgage? >> yes. that's going to be a challenge. there's going to be a lot of suffering at this moment. but unless we really confront the brutal facts and ask ourselves, what are we going to do about it, instead of getting drawn into the melodrama and the panic. the worst thing is to create anxiety and hysteria and anxiety about it. >> i'm looking at your list, the top ten steps to wholeness and it's a fascinating list. i'm just wondering, as someone who's running around all day, and when they get home, they're worried about their babies and trying to get some rest, when do you have time to stop and seek after your own mystery, for example? >> you can stock your day with five minutes of asking yourself, who am i, what do i want, what's
8:25 am
my purpose, what kind of contribution do i want to make today, what kind of relationships do i want to nurture today, how am i going to use my skills and talents? think of your mentors, your heroes in heroines in mystery and physiology. but once your mood changes, things change and more important, your biology changes. >> doctor, you're making a great point, because in my book that just came out, i say, literally, i can't get you back to even until you get health care insurance, until you're not worried about your body. can you talk about the correlation between financial bankruptcy and health care. >> yeah. when you're coming to health care reform, i think part of it is that we're not focusing on the real health care reform. you know, we're focusing only on insurance reform. we're not focusing on the fact that there are 2.5 million
8:26 am
necessary encourages, that we spend $7 billion in unnecessary tests, that 80% of the drugs that we use have an optional or marginal benefit. that much of end-of-life care is not about prolonging life, but suffering. if we really focus on well-being in the true sense, we'll be able to cut down on a significant amount of this budget and very important that everybody have insurance. so i totally, you know, agree with the fact that we can't be a country which is the most affluent in the world, relatively speaking, and does not come in even the first 30 countries in terms of health care. >> one of your steps to having a wholeness is feel the world instead of trying to understand it? what do you mean by that? >> our bodies are a perfect signal for what's happening around us in terms of relationship and social interaction. instead of trying to intellectually compute what's
8:27 am
wrong, if you just feel what's going on and going with the intuitive feeling of what seems to be the right action in the moment, you'll probably make a spontaneous right decision. >> isn't it interesting how people are so different? and that's actually how i -- i don't sit and i've never sat -- i once did a proces and a cons list for a big decision. it seemed like the rational, mature thing to do. i was actually running for congress, i was 29 years old, because it was the most irrational thing -- >> are you sure wasn't to fire chris lick? >> i'm going to fire him anyway. but i had 30 cons and one pro. and the pro was, because i feel like i have to do it. i tore up the list and i did it and my life changed. because i felt it. every time i try to overanalyze something, i make the wrong decision. >> then, joe, your limbic brain which controls your emotion is 100 million years old.
8:28 am
and your particle brain, which is the rational part of your rain, is only 4 million years old. so your limbic brain, your rational brain is actually much more intelligent. it knows how to think in terms of context and relationship. it doesn't get into linear cause/effect rational tis. >> it sort of bounces off another book "blink." you see something, your body hits you, and your mind is doing things that the rest of you don't understand. but it sees something and instantly knows whether that's a truth or not. >> exactly. and your body intelligence tells you that. we pretend to be creatures of rationality. we're creatures that are truthful with emotion. and every decision we make, economic or electing the president or health care reform is not an rational decision, it's an emotional decision. get in tough with those feelings. >> deepak chopra, thank you so much. the book is called "reinventing
8:29 am
the body, recreating the soul, how to create a new you." >> that's fascinating. i love all this stuff. i'm going to be accused of being a new age person. but i love this. focus on relationships instead of consumption. another thing that i try to do, embrace every day as a new world. i go to sleep exhausted and every morning i wake up, i'm like, man, this is amazing. i can do whatever i want to do today. >> it is a perpetual surprise. >> exactly. all right, thank you so much, doctor, for coming on the show. coming up, we're getting new retail sales numbers this morning. we'll get the latest from cnbc's erin burnett. >> what in the world. >> is she at "30 rock"? >> she's wearing a hat. now yourard comes with a way to plan for what matters to you. introducing blueprint. blueprint is free and only for chase customers.
8:30 am
it lets you choose what purchases you want to pay and those you split... interest...with full pay. you decide how to pay over time. if having a plan matters. chase what matters. eate your own blueprint at we know why we're here. to design the future of flight, inside and out. to build tomorrow's technology in amazing ways. and reshape the science of aerospace... forever. around the globe, the people of boeing... are working together --
8:31 am
for the dreams of generations to come. that's why we're here. hi! trick or treat. weren't you guys just here? no. yes. no. thanks to walmart's unbeatable prices on snickers, halloween costs less at walmart. save money. live better. walmart. with new listerine ® whitening ® plus restoring rinse. it's the only listerine ® that noticeably whitens teeth, plus restores and rebuilds tooth enamel. new dual-action listerine ® whitening ® rinse. building whiter, stronger teeth. they say imports always get the best mileage. well, do they know this malibu offers an epa estimated 33 mpg highway? they never heard that. which is better than a comparable toyota camry or honda accord? they are stunned. they can't believe it. they need a minute. i had a feeling they would. introducing the 60-day satisfaction guarantee.
8:32 am
buy a new chevy and if you don't love it, we'll take it back. there has never been more reasons to look at chevy.
8:33 am
got the big retail numbers coming out and big profits for jpmorgan. let's get a check on business before the bell with cnbc's erin burnett. erin, what do you have on your head? >> i have this hat on and it says dow 10,000 again. now, this is emphasizing it was ten years ago when we first got to that level and we've stubbornly trying to get back there over the past few weeks. that's at least -- i don't know where we'll open, but we'll open
8:34 am
at 9871, and it will be shocking if we do not have this hat today. >> where does somebody get a hat like that? >> a trader gave me that hat. >> it's sharp. >> pretty sharp. there are a couple things that are causing the surge. the main one is jamie dimon and jpmorgan chase. this is the big bank, it gets bigger and bigger and bigger. it is the definition of too big to fail now and they came out with numbers. now, we should note that investment bank analysts always get the estimates completely wrong. the banks either miss them or crush them. they crushed them in this case, due to investment banking. and that's why the market is surging. it's all thanks to jpmorgan. credit card losses, though, increased, loan loss reserves increased. jamie dimon says there's initial signs of stability, but we're not certain the trend will continue. stocks also higher because of retail sales, better than expected. i know we're heavy, willy. barberie, better than expected on snoods. what are those? >> what are they? >> i think they're scarves.
8:35 am
snoods, they call them. roundtable, coming up next, plus, richard belzer. atologists? one reason, lubriderm® daily moisture contains the same nutrients naturally found in healthy skin. (announcer) lubriderm® moisture matches the moisture in your skin. skin accepts it better. absorbs it better. and has its natural balance restored for a clinically shown 24 hours. for skin that looks and feels truly comfortable. (announcer) dermatologist developed lubriderm®. your moisture matched. and for extremely dry chapped skin try new lubriderm® intense skin repair ointment.
8:36 am
8:37 am
8:38 am
welcome back. it's time for our political roundtable as we take a live look at boston for you. thanks chopper 4, appreciate that. >> chopper 4 is not in boston. >> it's not? >> no. >> they don't have one? i thought everyone had a chopper 4. okay. welcome back, everybody. cramer's still with us. and also ron brownstein. let's talk about your book, "getting back to even." even the title reflects the times. because we're not trying to, maybe, get to where we were trying to go. >> thank you for recognizing that. this is not a book about how to get rich fast. it's a book about trying to be able to make it so you can rebuild college tuition. >> keep it real. >> exactly. and we're done with the gigantic wave of, i'll put money in the market and it will work. now it's a question of putting
8:39 am
money in the right stocks. it might work. and stop thinking of stocks as cash. which is what america did. and that's why people are telling their kids, listen, you can't go to that expensive school anymore. we have to change the way we view the stock market. recognize the frailties of it and then try to capitalize. >> cramer, the cover of "time" magazine this past week about the 401(k), saying they're no good anymore, what's your take on that? >> there was a piece that was a counterpoint to that, which i thought was more accurate. the 401(k) is viewed by a lot of investment professionals as you put your money in and forget about it. that's what failed. if you did realize that dow 14,000 was expensive, you could have created a lot of wealth. when it got to dow 6,000, maybe you get back in. but it's the senseless preaching of wall street, of buy and hold, that really caused the 401(k) to be destroyed. any common sense would have told you to do some selling. i took criticism that i violated the buy and hold, but that's what killed people.
8:40 am
>> the challenge is, you're asking ordinary people to in effect be their investment managers. and you're doing that in a book like this. we do quarterly polling, all say "national journal" poll and how people feel about the economy, two-thirds of the american believe, and i think, correctly, that they are exposed to more financial risk than their parents' generation. when you look at the gyrations we've lived through the in the stock market, are we asking average people to bear too much of the long-term risk of achieving financial stability and security. >> we don't teach money, which is bad, it's part of my mission, feature people money. but we also forget greed and fear. when we were at dow 13,000 or 14,000, there was this tremendous amount of greed. people were rich who necessarily should have taken something off the table. the thing i in my book i say, be commonsensical. there's nothing wrong with selling, which is considered a curse word on wall street. but we need to teach people more about money, about sensible investing like dividends. and we've got to remind people, when you've made a lot of money
8:41 am
in the market, you've got to sell. >> but in the end, are you comfortable to the degree to which average people have their prosperity dependent on the market? are we asking too much on the market? >> i agree we like it if we went back to the old pension plans. but we just came back from a period of eight years when the president wanted us to run social security, something i thought was outrageous because of the lack of education that people have about money. >> but people are -- you're typing into a mind-set that is taking place, people are saving, during very difficult times. and i think the whole credit card phenomenon is beginning, finally, at least some are getting -- >> they're saving in ten-year treasuries and seven year. those are the most dangerous pieces of paper in the world. we don't want to be in treasuries. they are 3 3/4 and we're relying on a government that's printing money left and right.
8:42 am
go with the oil companies. >> but, jim, who do we trust? pat buchanan, i saw pat, day after day after day a year ago -- i mean, he invested in gm. he invested in these banks. he invested in companies that would never fail. why the hell would i trust a ceo after what's happened over the past year. >> you mentioned companies that are largely financial companies. you do not have to be in financial companies to make money. why can't you own general mills? why can't you own companies that make thing? like a newcorp, a kellogg. these companies did well. the companies that relied on financial engineering were a disaster and remain, except for a couple cases, goldman sachs and jpmorgan, very difficult to stand. companies that made things in america did very well during this period. the bristol-myerses, they did very well. >> why did you write this book? >> i'm tired of the gloom and tired of hearing how bear stearns failed you.
8:43 am
if someone would just accountst with and say, we had the crash already. now let's get back our money. >> i called for cheerleaders. we need -- americans are positive, they're optimistic by nature. but i can tell you, when mika and i go out and we talk to groups, whether it's business people or whether it's people on book tours, they're scared to death. >> absolutely. >> they don't believe larry summers. they don't believe that happy days are around the corner. they don't believe -- >> and i don't think bonuses go over very well. >> and that is a huge, we've been doing this quarterly polling equaled the heartland monitor where we look at how americans are experiencing the economy and how it shapes their views of institution and it is a very sobering picture. people believe they are apprehensive about the future, they believe it's going to be more boom and bust, more financial pressure. and they have declining trust many all major institutions, at the same time, and intense polarization about the collective government responses
8:44 am
on how to do it. the political -- when you add all of that, i think of a very unstable politics and a very harsh and divisive politics. if you ask -- >> -- the incumbents? >> at any given moment, it hurts the incumbents, but i think it hurts everybody and it goes beyond the political system. we have in the poll declining trust over the last year in everybody. corporations, the financial sector, government. you ask white voters, in particular, who is making economic decisions in your interest. for whites over 30, you know what the plurality winner is? nobody. and i describe it in the story as paddling alone. i think a lot of americans feel they have been moved into a different world and much more economically tumultuous world, and there's no one in the boat with them. >> why is that? i mean, who are the leaders in washington that people trust? i think obama still has a lot -- and a question. obama has a lot of personal trust and his approval rating, joe, is probably higher than it
8:45 am
should be given 9.8% unemployment. >> we should trust bernanke, got us out of this jam, chose not the nationalize the banks. i was a bit critic of geithner, he came on strong. these are both respectful, responsible leaders who don't get enough credit. >> you'll have to sell me on those. >> a quix paradox we mentioned the jpmorgan profits before. it may be the financial actions prevented us from falling off a cliff, but there is no doubt that has undermined confidence in both government and business. there's kind of a jacksonnian impulse now. and that is a huge headwind for obama on everywhere else he wants to do. whether it's health care, cap and trade, any kind of government action, that is, i think, the impetus behind this sort of backlash we're seeing. >> we need more jobs. get jobs, we'll get out. >> i've got to say, you could give richard belzer's vomiting dog $23 trillion to play with and she could save the economy. >> she's sweet. >> i'm not skeptical about you,
8:46 am
jim. >> thank you. >> in jim cramer we trust. "getting back to even," it will not only safe your life, it will reverse male pattern baldness. coming up, has president obama lost late-night comedians? we'll be talking to comedian richard belz we aer with his su dog. roll the clip. >> mika's the dog whisperer. >> and bebe walks the red carpet with you, right? >> yes, i'm the dog worshipper, not whit perrer -- >> be be just threw up on mika. >> oh, bebe. >> now you throw up. >> it's not an act, really, there's some vomit here.
8:47 am
8:48 am
100 years of engineering excellence is here for the taking. it's gmc truck month. shop the gmc yukon that offers 20 highway mpg, and over 108 cubic feet of maximum cargo space. step up to the best. it's gmc truck month. get 0% apr for 72 months on 2009 gmc yukon. or get $6,000 total cash back on select 09 yukon vehicles in stock. see your gmc dealer today.
8:49 am
ok ! ok. whoooa, heyyy ! see, the terms require that you keep the bike within this pre-determined space. if you want to take the bike out, i'm going to have to charge you a penalty. i can't really ride in this little space. you can't ride very far. even kids know an offer shouldn't come ha, ha, ha... with ridiculous conditions. why don't banks ? at ally bank our 9-month no penalty cd gives you a great rate with no fees for early withdrawal. it's just the right thing to do. kelly saunder's nature valley. ♪ the place that inspires her to go faster... ♪
8:50 am
and slower. ♪ elk mountains, colorado. where's yours? 100% natural nature valley granola bars. the taste nature intended. the joys of going to work with richard belzer. >> no idea. and you know, it would be even more joyous -- it would be a perfect world if he learned how to hit his mark. >> wow. tough, saying you can't hit your mark during your scene. is that right? >> oh, welcookay. >> our next guest is detective john munz from "law & order." he's got a new book out called "i am not a psychic."
8:51 am
tell us about the novel. >> this is my second novel. actually, it's a reality novel. i used my own name, play myself in the novel and get caught up in crimes and i solve them in a funny, mysterious way. >> and set in las vegas. which can't be bad. >> las vegas, new york, l.a. this is about marilyn monroe, the mob, the kennedys and las vegas. >> mika and bebe have a special relationship. >> they do. >> she's feeling better today. >> she's a beautiful -- >> there was a piece in "the new york times" the other day, be interested for your take on this, that obama is sort of losing the comics, the late-night -- jon stewart started to go after him, letterman, conan, bill maher. do you think that's true? >> i don't know if he's losing the comics, but the comics are doing their job. and whoever is president, it's our job -- you know, it was very hard at first to make fun of obama because he was so new, he was a mixed race, he was cool. it's like, what's funny about
8:52 am
him? and now, because for eight years we've had -- and this is not a slam on any party, but for eight years the republicans had the ear of the corporate media and all the background stories and all the cocktail parties, it's been republicans for eight years. so i think a lot of stuff, the criticism of obama is coming from the right and fed to the news media and they are like regurgitating it. but how long has he been there? ten months? >> yeah. do you feel like he got a little bit of a free ride early, though? >> i don't know if it was a free ride, just people wanted a relief from what was going on. and he offered this fresh personality. and things -- the controversy about the nobel peace prize. let me say this. we're the most admired country in the world now. we were arguably the most despised country in the world a year ago. i think obama symbolically is just as important to us and the world as he is politically. i think a lot of people around the world now are willing to do
8:53 am
business with us that aren't before and i think that the nobel peace prize, for him, was kind of an affirmation of what he represents. and i think it's unfair to say, well, they nominated him on february 12th and he was only in office so many days. actually, they voted more recently. and when he was senator, he was working on just getting rid of nuclear weapons that were already in existence. so he's put out something that is arguably something the nobel peace prize would consider. plus, it's not an american prize, so. anyway. >> do you have any norwegian blood? >> huh? >> just all the salmon i've been eating. >> cramer, how cute is this? >> switched gears, you brought the dog, i'm a philadelphia eagle fan, but it was tough this year, because we brought in a quarterback by the name of michael vick. does he have any right to ever be in the nfl, given what he did? >> americans are a very forgiving people, but some
8:54 am
things are almost unforgivable. and i don't know the man, i don't know how remorseful he is, i don't know why he did what he did, but i think that every penny he makes should go to animal rescue and i think, you know, for the rest of his life, he should go around to inner city kids and tell them that dogfighting is a horrific thing. kids now are getting pet dogs and making them fight. they're not even -- >> it's an epidemic. >> and it's so heartbreaking. because dogs make us human. i mean, don't get me started on how much dogs mean to humanity. and without them, we wouldn't be here. i mean, throughout history, they're bred to figure out what we want. and for us to betray that trust is beyond heartbreaking. >> but you believe he should be able to play in the nfl? >> you know what, i don't know. i mean -- i usually have an opinion. >> oh, my god, the stuff he did. you can read about it on peta,
8:55 am
i'm a peta contributor. >> i'm sorry, i can't sit here and hold this adorable dog. >> to take this dog and slam it to the ground and kill it. >> i'm just saying, it's terrible, but there are also people who are free far sooner and get off far easier who have hurt children, who have hurt human beings. and that's, i think, the moral issue with that as well. >> that's an excellent point, mika. >> before we let you go, the direction we're going with health care? you happy with it? >> i live in france part time, a friend of mine had an appendicitis attack, had to go to the hospital, they didn't ask for insurance, treated him very well, operated on him, gave him a bill at the end. take that for what you will. i think the idea that the entire republican party is reflexively against any kind of health reform because they want to destroy obama is really one of the most tragic things in the history of our country, that you get an entire country to put
8:56 am
their party before their country. people are dying every day. if this was a storm or an earthquake, all these guys would be down there with podiums, getting money to these people. this is an epidemic, this is a catastrophe. people need health care. i mean, it's very simple. it's not even a political issue. >> richard, thank you for coming back. >> nice to see you again. >> new book? >> joe afraid of me? >> i think he's afraid of bebe, can you believe that? >> "i am not a psych," in bookstores now. >> i'll be at the lincoln center barnes & noble tomorrow night at 7:30. >> tomorrow night, 7:30, lincoln center barnes & noble. richard, great to see you. >> nice to see you again. up next, what, if anything, did we learn today? national car rental? that's my choice.
8:57 am
because with national, i roll past the counter... and choose any car in the aisle. choosing your own car? now that's a good call. go national. go like a pro.
8:58 am
this is a honda pilot. and this is the chevy traverse. it has more cargo space than pilot. and traverse beats honda on highway gas mileage too. more fuel efficient and 30% more room. maybe traverse can carry that stuff too. the chevy traverse americas best crossover. introducing the 60-day satisfaction guarantee. buy a new chevy and if you don't love it, we'll take it back.
8:59 am


1 Favorite

info Stream Only

Uploaded by TV Archive on